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If we spend enough time on the quarterly numbers released by SATS, the suitor of WFS, last week, one question naturally springs to mind: who needs whom in the tie-up?

(Another: what’s all the fuss about its next funding round? Ok, you haven’t gone through the interims.)

France’s WFS is private and its financial achievements are disclosed in detail to its investors – we used to have access, it’s mission impossible now, it seems.

But SATS is public. And its stock at S$2.74* is ...

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