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Singtel

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Singapore Telecommunications Limited
Company typePublic (SGX: T48 , ASX: sgt)
IndustryTelecommunications
FoundedSingapore (1879)
Headquarters
Singapore
,
Singapore
Key people
Chumpol NaLamlieng, Chairman
Chua Sock Koong (Group Chief Executive Officer)
Allen Lew (Chief Executive Officer, Singapore)
Francis Heng (Group Chief Financial Officer)
Productsmobile services
internet
fixed network services
RevenueIncrease $13,377 million SGD (Mar 2007)
Increase $4.661 million SGD (Mar 2005)
Number of employees
>20,000
ParentTemasek Holdings Pte Ltd
Websitehttp://www.singtel.com/

Singapore Telecommunications Limited (SGX: T48 , ASX: sgt) (commonly abbreviated as SingTel) and formerly known as Telecom Equipment, is Singapore's largest telecommunications company. With a combined mobile subscriber base of 185.3 million customers from its own operations and regional associates at the end of May 2008 [1], SingTel is the largest mobile network operator in the 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(SingNet), mobile phone and fixed line telephony services. SingTel has launched its pay TV service in July 2007, named mio TV.

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 & Wireless and other shareholders of Optus.

SingTel is a subsidiary of Temasek Holdings[2], which holds 56% of its shares as of 2007. Chua Sock Koong serves as its current Group CEO, having replaced long-serving Group CEO Lee Hsien Yang (brother of Singapore Prime Minister Lee Hsien Loong) in April 2007. [3] [4]

SingTel's commitment to customer privacy had come into question as a result of its subsidiary's actions during Odex's actions against file sharing in 2007. [2] It was revealed that SingNet simply consented to the release of customer information without their lawyers contesting in the courts. [3]


History

In 1879, 3 years after Alexander Graham Bell patented his telephone invention, Mr Bennet Pell started a private telephone exchange in Singapore that had 50 lines and made Singapore one of the first cities in the East to have telephone service. SingTel was incorporated in March 1992 and became a public company in October 1993. It was listed on the Singapore Exchange in November 1993 and on the Australian Stock Exchange in September 2001. In May 1993, SingTel set up its first overseas office in New York City. SingTel’s group revenue cross the S$10 billion mark in March 2003 and by 2004, SingTel has become the largest company listed on the Singapore Exchange with a market capitalisation of around S$40 billion (or US$24 billion at the exchange rate in May 2004).

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.

On July 21 2007, the company launched the new mio TV service to rival the cable TV operator Starhub[5]. The service will be available in high definition. Reception would be via a IPTV.

This year, SingTel is sponsoring the 2008 Singapore Grand Prix, the first night city race.

Singapore Telecommunications Limited (SingTel) and five other international telecommunications carriers namely Bharti Airtel, Global Transit, Google, KDDI Corporation and Pacnet, have signed an agreement to construct a new ultra high-speed submarine cable system linking the United States to Japan. The US$300 million cable system, named Unity, will span 10,000 km across the Pacific Ocean, linking Chikura in Japan directly to Los Angeles in the United States. It is expected to be ready for service in the first quarter of 2010.[6]

On 26 February 2008, SingTel and Al Jazeera Network announced partnership details to broadcast Al Jazeera English on mio TV. As the first English language global news and current affairs channel based in the Middle East, Al Jazeera English will start broadcasting in Singapore exclusively on March 1st 2008 with mio TV on channel 43. The partnership gives mio TV subscribers exclusive access to the channel’s groundbreaking content. Subscribers to mio TV can also choose to watch the channel streamed ‘live’ on their 3G mobile phones in April 2008.[7]

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 where it has a total subscription base of 176.03 million as at February 2008, and a total of 63.1893 million proportionate subscribers (subscribers calculated as a proportion of shareholding):

Mobile company Country Shareholding Subscribers Proportionate
subscribers		 Market share
in domestic market
Advanced Info Service Thailand 21.4% 24 million 5.136 million 52%
Bharti Group India 30.6% 60 million 18.36 million 29%
Globe Telecom Philippines 44.6% 20.3 million 9.0538 million 37%
Optus Australia 100.0% 7.14 million 7.14 million 32.9%
Pacific Bangladesh Telecom Limited Bangladesh 45.0% 1.3 million 0.585 million 4.7%
SingTel Mobile Singapore 100.0% 2.57 million 2.57 million 43.4%
Telkomsel Indonesia 35.0% 47.89 million 16.7615 million 55%
Warid Telecom Pakistan 30.0% 13.21 million 3.963 million 33.3%
Total 176.03 million 63.1893 million  

Other members of the SingTel group includes the two wholly owned subsidiaries of SingNet, a wholly owned internet service provider, and NCS, an information technology and communications engineering services provider. Associated companies include the Singapore Post, which was formerly a subsidiary until its separate listing on the Singapore Exchange in May 2003 and the New Century Infocomm of Taiwan which SingTel has a 24.5% stake. SingTel also owns 20.33% stake in Hong Kong's APT Satellite.

SingTel satellite stations

  • SingTel satellite dishes, along Bukit Timah Expressway.
    SingTel satellite dishes, along Bukit Timah Expressway.
  • SingTel's Comcentre Building at Exeter Road, near the Orchard Road shopping belt.
    SingTel's Comcentre Building at Exeter Road, near the Orchard Road shopping belt.
  • SingTel's Ayer Rajah Telecommunications Complex, along Dover Road.
    SingTel's Ayer Rajah Telecommunications Complex, along Dover Road.

References

  1. ^ [1]
  2. ^ http://www.temasekholdings.com.sg/media_centre_allegations.htm
  3. ^ Channelnewsasia.com
  4. ^ http://info.sgx.com/webcorannc.nsf/e9886c5637268fd148256db0003472d2/90cf6729a582a0f9482571b2000bab0c?OpenDocument#
  5. ^ Tan, Jennifer (2007-07-20). "SingTel launches Singapore pay TV to rival StarHub". Reuters. Retrieved 2007-07-20.
  6. ^ "Press Release of SingTel". 26 February 2008.
  7. ^ "Press Release of SingTel". 26 February 2008.

Subsidiaries

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