Singtel

Startups, Entrepreneurs, Digital economy

Aussie startup Data Republic to expand with funding from Singtel's Innov8 and SIA

SINGAPORE (Dec 4): Australian tech startup Data Republic is set to expand its presence in Singapore with funding from Singapore Airlines (SIA) and Singtel’s venture fund Innov8.

Broker's Calls

TPG's entry delayed but still remains a threat to Singapore telcos

SINGAPORE (Nov 29): Although the year is drawing to an end, TPG has yet to announce its commercial launch this year. This is despite TPG saying in September that it was on track to meet its outdoor-coverage milestones set by IMDA.

Broker's Calls

TPG unlikely to rattle incumbent telcos with 'abysmal capex': DBS

SINGAPORE (Nov 23): DBS Group Research is keeping its “buy” calls on Netlink NBN Trust, Singtel and StarHub, amid “abysmal capex” spent so far by new entrant TPG Telecom.

Results

Singtel's 2Q earnings lower at $667 mil on absence of one-off gain

SINGAPORE (Nov 8): Singtel announced earnings of $667.2 million for 2Q19, down from its restated earnings of $2.85 bil in 2Q18, where a $2.05 billion exceptional gain was booked on the partial divestment of NetLink Trust.

Results

Singtel reports 6.6% lower 1Q earnings of $832 mil

SINGAPORE (Aug 8): Singtel posted 1Q19 earnings of $831.5 million, down 6.6% y-o-y compared to $889.8 million in restated 1Q18 earnings due to weaker results from Airtel and Telkomsel, reduced stake in NetLink NBN Trust, higher withholding taxes and adver

Broker's Calls

Competition heats up in telco sector and the catchphrase is 'free'

SINGAPORE (June 12): UOB Kay Hian continues to rate the telecommunications sector as “market weight” as competition within the sector has intensified even before TPG Telecom has launched its mobile services on a commercial basis.

Singtel launches Singapore's first mobile leasing plans

SINGAPORE (June 7): Singtel today launched Singapore’s first mobile leasing plans, designed to make premium handsets more affordable to its customers.

Fintech

Singtel to collaborate with Razer on e-payments and gaming

SINGAPORE (May 2): Singtel and Razer have signed a memorandum of understanding (MoU) to work together in the areas of e-payments, e-sports and other gaming-related digital media and telecommunication services in Southeast Asia.

M&A

Bharti unit to merge with Indus, creating US$14.6 bil firm

MUMBAI (Apr 25): Bharti Airtel agreed to merge a unit with closely held Indus Towers in a deal that creates a US$14.6 billion ($19.4 billion) telecom tower operator that would be the largest outside China.

Tech

Singtel to jointly set up 'virtual sandboxes' with VMWare for enterprise cloud solutions

SINGAPORE (Apr 10): Singtel has signed a memorandum of understanding (MoU) with enterprise software provider VMware with the intention of jointly providing solutions to accelerate the digital transformation of enterprises across Asia Pacific and co-create
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