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Bbg Communications - History of the Telecom Sector of Singapore
Singapore Telecommunications Limited, commonly referred to as SingTel, is perhaps Asia's most leading telecommunications company. It has a combined mobile subscriber base of 216.7 million customers from its own operations and regional associates, as of counts at the end of September 2008. SingTel‘s versatility can be gleaned from its provision of different telecoms services which include ISP, IPTV, mobile phone and fixed line telephony services.
SingTel’s reach has gone beyond the small city-state’s borders as it owns shares in many regional operators, including 100% of the second largest Australian telco, Optus, which was acquired in 2000 from Cable & Wireless and other shareholders of Optus, and Bharti Airtel, the largest telco in India.
In the Singapore Exchange, SingTel is the biggest corporation, according to BBG Communications, by market capitalization listed, and is majority owned by Temasek Holdings.
History
It took many years later, specifically in 1955 for the Singapore Telephone Board to be incorporated as a statutory board with exclusive rights to operate telephone service within Singapore. What followed was a merger of STB and Telecommunications Authority of Singapore in 1974. Up until that time, STB was in charge of local services, while TAS operated the international services. 1982 saw the merger of the Postal Department with Telecoms.
SingTel was incorporated just about the early 1990s, specifically in March 1992.The company then became publicly listed in October of 1993. SingTel currently remains as Singapore’s largest IPO. It was listed on the Singapore Stock Exchange in November 1993 and on the Australian Exchange in September 2001.
To free itself from other auxiliary services, and refocus all its energy on its core telecommunications services business, SingTel streamlined its operations. It sold 60% of Singapore Post in an Initial Public Offering in May 2003. By June of the same year, SingTel rates changed and they divested its stakes to CVC Asia Pacific and J.P. Morgan Partners Asia in its Yellow Pages directory business for S$220 million.
In April 2001, SingTel was awarded a 3G licence.In July 2003, Singapore Telecommunications revealed that it has appointed Ericsson as the vendor for its 3G network in Singapore. And by February 2005, SingTel launched its commercial 3G services.
About the Author
For more information on BBG Communications,please visit my Communications profile.
Formula One - Singapore is it profitable?
Australia has just reported A$46 million loss for the hosting of the leg of the Australia leg of the Formula One race. Shanghai has also reported challenges in advertising and promotion revenue couple with high operation cost for China leg of the same Formula One event for 2009. Shanghai has also indicated that China shall not be participating in the event after contracted period ended in 2010.
What about Singapore, is the Formula One event profitable? So far the is no response from the Singapore Tourism Board on this matter. We need better transparency in Singapore , so is STB able to be more fortcoming in accounting for the event?
Is the F1 race itself profitable? Probably not.
Impact on Singapore overall tourism? Probably profitable
Hotelier along the F1 track? Definitely profitable
Retailer in Suntec and Marina? Definitely loss
Additional transparency? Keep hoping
(AFX UK Focus) 2010-02-26 06:59 Singapore visitor arrivals up 17.6 pct y/y in Jan
SINGAPORE, Feb 26 (Reuters) - Visitor arrivals in Singapore rose 17.6 percent in January from a year earlier to reach 908,000, the Singapore Tourism Board (STB) said on Friday. Average hotel room rates in January fell 9.5 percent from a year earlier to S$187 ($133) although occupancy rose 13.9 percentage points from a year ago to 80.4 percent, the STB said in a statement. The number of "visitor ...
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