Singtel

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Singapore Telecommunications Limited
Public company
Subsidiary of Temasek Holdings
Traded as SGX: Z74
ASXSGT
Industry Telecommunications
Founded 1879 (as Private Telephone Exchange)
Headquarters Singapore
Area served
Singapore, Thailand, India, Philippines, Australia, Bangladesh, Indonesia, Sri Lanka
Key people
Simon Israel, Chairman[1]
Chua Sock Koong, Group CEO
Products Fixed-line and mobile telephony, broadband and fixed-line internet services, digital television, IT and network services
Revenue Increase $17.223 billion SGD (March 2015)
Increase $5.091 billion SGD (March 2015)
Profit Increase $3.782 billion SGD (March 2015)
Owner Temasek Holdings
Number of employees
23,000
Parent Temasek Holdings
Subsidiaries Lankacom
Website singtel.com

Singapore Telecommunications Limited, commonly abbreviated as Singtel, is a Singaporean telecommunications company, with a combined mobile subscriber base of 500 million customers from its own operations and regional associates in 25 countries at end of March 2014,[2] making it one of the largest mobile network operators in Singapore and the 20–30 largest in the world.[3][4]

The company was known as Telecommunications Equipment until 1995. Singtel provides ISP (SingNet), IPTV (Singtel TV) and mobile phone networks (Singtel Mobile)[5] and fixed line telephony services.

Singtel has expanded aggressively outside its home market and owns shares in many regional operators, including 100% of the second largest Australian telco, Optus, which was acquired in 2001 from Cable & Wireless and other shareholders of Optus, and 32.15% [6] of Bharti Airtel, the largest carrier in India.

Singtel is also the largest company by market capitalisation listed on the Singapore Exchange and is majority owned by Temasek Holdings, the investment arm of the Singapore government.

Singtel controls significant market share in Singapore, with 82% of the fixed-line market, 47% of the mobile market and 43% of the broadband market in Singapore.[7]

Singtel is an active investor in innovation companies through its Singtel Innov8 subsidiary, founded in 2011 with S$200 million.

History[edit]

2015[edit]

  • On 21 January 2015, Singtel launched its new brand identity, the first in 16 years.[8]
  • On 19 March 2015, Singtel dismissed all connections with social media agency, Gushcloud. This is after a Singapore blogger Xiaxue, exposed Gushcloud's brief to its "influencers" to execute a negative campaign on M1 and Starhub. SingTel apologized to M1 and Starhub for the campaign.[9] its competitors in the telecommunication industry.[10]
  • On 7 April 2015, Singtel revealed it would be acquiring US cyber security firm Trustwave for $810 million, its largest ever acquisition outside the telecoms sector.[11]
  • On 22 April 2015, the Singtel announced plans to delist from the Australian Securities Exchange due to low trading volumes.[12]
  • In April 2015, Singtel released a new Skype and WhatsApp competitor called Wavee. It allows users to make voice and video calls and send instant messages.[13]
  • In May 2015, Singtel was issued a 'stern warning' by Infocomm Development Authority (IDA) for a negative marketing campaign against its competitors: M1 Limited and Starhub through a marketing agency, Gushcloud.[14] Singtel was required to "ensure appropriate management oversight and control over its marketing and advertising campaigns".[15]

2014[edit]

  • SingTel was fined $6 million for its Bukit Panjang fire in 2013. This is the highest fine imposed on a telco in Singapore.
  • In August 2014, SingTel announced it was joining forces with five other global companies, including Google, to build a super-fast undersea data cable linking the U.S. and Japan.[16]

2013[edit]

  • Since 1 August, mio TV was officially renamed SingTel TV.
  • SingTel announced the sale of its entire 30% stake in Warid Telecom (Private) Limited to Warid Telecom Pakistan LLC which took place on 15 Mar 2013[17]
  • SingTel was fined $180,000 for the disruption of its mio TV service where 115,000 subscribers were affected while watching the Premier League games. The problems included screen freezing, blurred images and picture distortion that happened on 13 May 2012 from 10:15 PM. Full service quality was resumed at 12:15 AM the next day.
  • From December 2012, SingTel started providing 4G LTE services across Singapore.

2012[edit]

  • SingTel acquired mobile advertising technology company Amobee in March 2012 for $321 million.[18]
  • SingTel secured broadcast rights for the 2012 Summer Olympics and provided 15 new ESPN STAR Sports channels free of charge to its mio TV Services.
  • Singtel was fined $300,000 for breaches of the Service Resiliency Code by the IDA.[19]

2011[edit]

  • In May 2011, SingTel announced that they will be aiming to double the size of its satellite business, with two additional launches by 2013.[20]
  • On November 2011, SingTel officially launched Singapore's first e-book provider, Skoob, which was available through the web, iOS or Android.[21][22]

2009[edit]

  • On 10 July, SingTel launched the iPhone 3GS commercially in Singapore.[23]

2008[edit]

  • SingTel and Apple jointly announced that SingTel will be the first mobile operator to launch the iPhone 3G and its services to Singapore in June.[24]
  • In the month of June, SingTel becomes the title sponsor of the inaugural Singapore Grand Prix in Singapore.

2007[edit]

  • mio TV was launched commercially on 20 July 2007 and began its services on 21 July 2007.
  • SingTel Generation mio was launched commercially on 9 January 2007 and began its services on 21 January 2007

2005[edit]

  • SingTel launches its commercial 3G services in February.

2003[edit]

  • SingTel sells 60% of Singapore Post (SingPost) in May during an IPO in an effort to focus on its core telecommunications services business.
  • SingTel divested its stakes in Yellow Pages in June, its directory business to CVC Asia Pacific and J.P. Morgan Partners Asia for S$220 million.[25]
  • SingTel announced that it has appointed Ericsson as the vendor for its 3G network in Singapore in July.

2001[edit]

  • SingTel is awarded a 3G licence in April.
  • In March 2001, Singtel purchased Optus for between $7.4 billion to $8.5 billion[26]

2000[edit]

  • In 2000, Singtel lost its domestic monopoly in Singapore, with the government deregulating the telecommunications industry.[27][28]

1997[edit]

  • Singtel was compensated $1.5 billion by the Singaporean Government for early termination of its monopoly,[29] based on projected earnings lost between 2000 and 2007 due to its loss of monopoly.[30]

1992[edit]

  • SingTel is incorporated in March (as Telecommunications Equipment) and became a public company in October 1993.[31]
  • SingTel introduces the call zone service, made defunct in 1997.

1955[edit]

  • The Singapore Telephone Board (STB) is incorporated as a statutory board with exclusive rights to operate telephone service within Singapore. This is followed by the merger of STB and Telecommunications Authority of Singapore (TAS) in 1974. Up until that time, STB was responsible for local services, while TAS provided international services. 1982 saw the merger of the Postal Department with Telecoms.

1879[edit]

  • Three years after Alexander Graham Bell patented his telephone invention, Bennet Pell started a private telephone exchange in Singapore that had 50 lines.[31]

Board and management[edit]

Board of directors[edit]

SingTel's current board of directors:[32]

Senior management[edit]

SingTel's current senior management committee:[33]

  • Chua Sock Koong – Group CEO
  • Bill Chang – CEO Group Enterprise
  • Allen Lew – CEO Group Digital L!fe, Country Chief Officer Singapore
  • Jeann Low – Group CFO
  • Paul O'Sullivan – CEO Group Consumer
  • Aileen Tan – Group Director Human Resource
  • Wu Choy Peng – Group CIO

Network and infrastructure[edit]

Singtel's international submarine cable network provides connections from Singapore to more than 100 countries. It is a major investor in many of the world's submarine cable systems, such as South-East Asia – Middle East – Western Europe 3 Cable Network, South-East Asia – Middle East – Western Europe 4 Cable Network, Asia-Pacific Cable Network 2, China-US, Japan-US, Southern Cross Cable Network and Unity Cable Network. Unity Cable Network was commissioned in March 2010.

In January 2010, Singtel announced it had signed an agreement to join a consortium to build and operate the new Southeast Asia-Japan cable system (SJC). The construction of the SJC cable system started in April 2011 and became operational in June 2013. The SJC has a length of 8,900 km which could extend up to 9,700 km linking up to seven countries or territories. The SJC is connected with the Unity Cable Network and is designed to deliver the lowest latency connectivity between Asia and the US, specifically from Singapore to Los Angeles.[citation needed]

As of fourth quarter of 2014, Singtel Mobile's 4G outdoor coverage was at 99.41%, ranked first followed by M1's 99.04%, and Starhub's 98.85%.[34]

Key operating companies[edit]

The Singtel group of companies includes 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 426 million as of 23 January 2013:[3]

Regional mobile subsidiaries[edit]

Mobile company Country Stake
Advanced Info Service Thailand 23.3%
Bharti Group India 32.5%
Globe Telecom Philippines 47.3%
Optus Australia 100%
Citycell Bangladesh 45%
Telkomsel Indonesia 35%

Mobile[edit]

  • Singtel Mobile Singapore Pte Ltd, operation and provision of cellular mobile telecommunications systems and services, resale of fixed line and broadband services
  • Optus Mobile Pty Limited, provision of mobile phone services
  • Virgin Mobile (Australia) Pty Limited, provision of mobile phone services

ICT[edit]

  • NCS, Provision of information technology and consultancy services
  • Alphawest, Provision of information technology services
  • Uecomm, Provision of data communication services

Digital[edit]

  • Amobee, provision of mobile advertising
  • Pixable, provision of mobile photo search and aggregation services
  • Singtel Digital Media Pte Ltd (STDM), development and management of on-line internet portal
  • Singtel Idea Factory Pte Ltd, Engaging in research and development, products and services development and business partnership
  • Singtel Innov8 Pte Ltd, venture capital investment holding

Internet & TV[edit]

  • SingNet, provision of internet access and pay television services
  • Optus Broadband Pty Limited, provision of high speed residential internet service
  • Optus Vision Pty Limited, provision of interactive television service
  • Optus Internet Pty Limited, provision of internet services to retail customers
  • Vividwireless Group Limited, provision of wireless broadband services

Associate of the group[edit]

  • Singapore Post Limited, operation and provision of postal and logistics services
  • Telescience Singapore Pte Ltd, sale, distribution and installation of telecommunications equipment
  • Viewers Choice Pte Ltd, provision of services relating to motor vehicle rental and retail of general merchandise

References[edit]

  1. ^ "Singtel chairman to step down". ChannelNewsAsia. Retrieved 11 May 2011. 
  2. ^ "Singtel Company Profile". Singtel. Retrieved 6 August 2014. 
  3. ^ a b SingTel Group’s mobile customer base reaches 368 million
  4. ^ http://theindonesiatoday.com/technology-headline/7477-singtel-and-telkomsel-record-mobile-subscribers-growth-in-2010-.html
  5. ^ "Transfer of Mobile Business from Singtel Mobile to Singtel Mobile Singapore". SingTel. Retrieved 1 October 2010. 
  6. ^ "SingTel increases stake in Bharti Airtel to 32.15%". Retrieved 29 April 2015. 
  7. ^ http://info.singtel.com/sustainabilityreport2014/about_singtel_03.html.  Missing or empty |title= (help)
  8. ^ "Singtel embarks on new brand promise to "make everyday better" for customers". Singtel. 21 January 2015. Retrieved 22 January 2015. 
  9. ^ http://www.todayonline.com/singapore/singtel-terminates-services-gushcloud-employee-involved-no-longer-them
  10. ^ "Singtel ends relationship with Gushcloud, apologises to StarHub, M1". TodayOnline. 19 March 2015. Retrieved 24 March 2015. 
  11. ^ "Singtel buying U.S. cyber security firm Trustwave for $810 million" (Press release). Reuters. 7 April 2015. 
  12. ^ Ramli, David (April 22, 2015). "Singtel-Optus to delist from ASX amid low trading volumes". The Age. Retrieved 2 June 2015. 
  13. ^ "Southeast Asian Telecom Giant Singtel Releases Wavee App, A Skype And WhatsApp Competitor" (Press release). TechCrunch. 9 April 2015. 
  14. ^ "Singtel given 'stern warning' by IDA for Gushcloud smear campaign against M1, Starhub". Retrieved 18 May 2015. 
  15. ^ "Singtel Warned Over Negative Marketing Campaign Conducted via Gushcloud". Info-communications Development Authority of Singapore. Info-communications Development Authority of Singapore. Retrieved 2 June 2015. 
  16. ^ "High-speed Undersea Cable to Link US, Asia". The Tokyo News.Net. 12 August 2014. Retrieved 13 August 2014. 
  17. ^ http://info.singtel.com/about-us/investor-relations
  18. ^ Shelach, Shmulik (5 March 2012). "SingTel buys mobile ads co Amobee for $321m". Globes. Retrieved 25 May 2012. 
  19. ^ "IDA Imposes $300,000 Financial Penalty on SingTel for Breach of The Code of Practice for Telecommunication Service Resiliency". Info-communications Development Authority of Singapore. Info-communications Development Authority of Singapore. 
  20. ^ "SingTel aims to double satellite business | Telecom Asia". telecomasia.net. 2011. Retrieved 18 May 2011. 
  21. ^ Ellyne Phneah (15 November 2011). "Singapore telco offers country's first e-book app". ZDNet. Retrieved 16 April 2012. 
  22. ^ Official website of SingTel Skoob
  23. ^ "SingTel Press Release". SingTel. Retrieved 29 September 2010. 
  24. ^ "SingTel and Apple to Bring iPhone 3G to Singapore". Apple. Retrieved 14 September 2010. 
  25. ^ http://www.financeasia.com/article.aspx?CIaNID=27243
  26. ^ Gaylord, Becky (March 27, 2001). "SingTel and Optus Shares Slump on News of Deal". The New York Times. Retrieved 2 June 2015. 
  27. ^ Richardson, Michael (March 31, 1997). "Analysts Split on Deregulation's Impact : For Singapore Telecom, Battle on Home Front". The New York Times. Retrieved 2 June 2015. 
  28. ^ "Lee up, Li down". The Economist. Retrieved 2 June 2015. 
  29. ^ Borsuk, Richard (May 31, 2002). "SingTel Wins Case Filed by Regulator". The Wall Street Journal. Retrieved 2 June 2015. 
  30. ^ "SingTel compensated". The Nation. Retrieved 2 June 2015. 
  31. ^ a b http://home.singtel.com/about_singtel/company_profile/milestones/companypro_milestones.asp
  32. ^ "Board of Directors". SingTel. 14 October 2013. Retrieved 2013. 
  33. ^ "Management Committee". SingTel. 14 October 2013. Retrieved 2013. 
  34. ^ "IDA Nationwide 4G Outdoor Mobile Service Coverage Results in Q4 2014". 

External links[edit]