Singapore Telecommunications
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Singtel_logo.jpg
Singapore Telecommunications Limited Template:Sgx (or SingTel for short) is Singapore's largest and Asia's leading telecommunications company. A former government monopoly privatized in 1992, SingTel divested its postal operation SingPost in 2003 and now concentrates on providing internet service provider, mobile phone and fixed line telephony services.
SingTel has expanded aggressively outside its home market and owns shares in many regional operators, including 100% of Australian telecommunications company Optus, acquired in 2000 from Cable and Wireless and other shareholders of Optus.
SingTel is majority owned by state investment vehicle Temasek Holdings. SingTel is currently headed by Lee Hsien Yang, the youngest son of ex-prime minister of Singapore Lee Kuan Yew and the brother of current prime minister of Singapore Lee Hsien Loong.
Overseas Investments
- Advanced Info Service (AIS)
- APT Satellite
- Bharti Group
- Globe Telecom
- New Century Infocomm (NCIC)
- Telkomsel
- Optus
- Pacific Bangladesh Telecom Limited (PBTL).
Events in 2005
Singtel said that it has agreed to increase its stake in India's Bharti Telecom to 32.81% from 26.96% for US$252million(S$417million). Singtel said that with its latest deal, its interest in Bharti Tele-Ventures would rise to 30.84% from 28.16%. Bharti Telecom's main asset is it 45.9% holding in Bharti Tele-Ventures, India's second largest mobile phone operator.
SingTel entered the Bangladesh mobile telecommunication market by purchasing 45% equity of Pacific Bangladesh Telecom Limited (PBTL) for US$118 million, SingTel also has a call option to increase its equity to 60 per cent for an additional US$65 million. The call can be exercised between 1 April and 30 June 2007. PBTL is the parent company of CityCell, Bangladesh's third largest mobile phone operator.
External link
- SingTel (http://www.singtel.com)Template:Corp-stub