Singapore Telecommunications
From Freepedia
| Image:Singtel logo.jpg | |
| Type | Public |
| Founded | Singapore (1879) |
| Location | Singapore |
| Key people | Chumpol NaLamlieng, Chairman Lee Hsien Yang, President & CEO Lim Toon, COO Chua Sock Koong, CFO |
| Industry | Telecommunications |
| Products | mobile services internet fixed network services postal services |
| Revenue | Image:Green up.png $12,617 million SGD (Mar 2005) |
| Employees | >19,000 |
| Website | www.singtel.com |
Singapore Telecommunications Limited (SGX: T48) (commonly abbreviated as SingTel) is Singapore's largest telecommunications company. With a combined mobile subscriber base of 71 million customers from its own operations and regional associates, SingTel is the largest mobile network operator in Asia Pacific outside of the People's Republic of China. 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 the former prime minister, now known as Minister Mentor Lee Kuan Yew and the brother of current prime minister of Singapore Lee Hsien Loong.
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Subsidiaries
The Singtel group of companies includes various subsidiaries, associated companies, as well as shareholdings in overseas entities. Its mainstay is in the mobile phone industry, however, where it commands a total subscription base of 71.143 million as at 30 June 2005, with a total of 28.458 million proportionate subscribers (subscribers calculated as a proportion of shareholding):
| Mobile company | Country | Shareholding | Subscribers | Proportionate Subscribers | Market share |
|---|---|---|---|---|---|
| Advanced Info Service | Thailand | 21.5% | 15.815 million | 3.392 million | 56% |
| Bharti Group | India | 30.8% | 12.256 million | 3.720 million | 27% |
| Globe Telecom | Philippines | 44.6% | 13.627 million | 6.082 million | 39% |
| Optus | Australia | 100.0% | 6.026 million | 6.026 million | 33% |
| Pacific Bangladesh Telecom Limited | Bangladesh | 45.0% | 0.318 million | 0.143 million | 5% |
| SingTel Mobile | Singapore | 31.0% | 1.553 million | 1.553 million | 38% |
| Telkomsel | Indonesia | 35.0% | 21.548 million | 7.542 million | 57% |
| Total | 71.143 million | 28.458 million | |||
Other members of the Singtel group includes the two wholly-owned subsidiaries of SingNet, a wholly-owned internet service provider, and NCS Private Limited a information technology (IT) and communications engineering services provider. Associated companies include Singapore Post, which was formerly a subsidiary until its separate listing on the Singapore Exchange in May 2003 and New Century Infocomm of Taiwan of which Singtel has a 24.5% stake. Singtel owns a 20.33% stake in Hong Kong's APT Satellite, although it is not included as a subsidiary as the stake is non-controlling.
Quick facts
- SingTel traces its heritage back to 1879 when Singapore became one of the first cities in the East to have telephone service, three years after Alexander Graham Bell patented his invention. At that time, a Mr Bennet Pell started a private telephone exchange which had 50 lines.
- SingTel was incorporated in March 1992 and became a public company in October 1993.
- SingTel was listed on the Singapore Exchange in November 1993 and on the Australian Stock Exchange in September 2001.
- SingTel is the largest company listed on the Singapore Exchange with a market capitalisation of about S$40 billion (US$24 billion) as of May 2004.
- SingTel’s first overseas office was set up in May 1993 in New York City.
- For the first time in its history, SingTel’s group revenue exceeded S$10 billion for the year ended 31 March 2003. Its revenue for the year ended 31 March 2004 hit S$12 billion.
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% for an additional US$65 million. The call can be exercised between April 1 and June 30, 2007. PBTL is the parent company of CityCell, Bangladesh's third largest mobile phone operator.
External link
Categories: Companies traded on the Singapore Exchange | Internet companies of Singapore | Telecommunication companies of Singapore | Mobile phone companies of Singapore | Companies traded on the Australian Stock Exchange
