Posts Tagged ‘singtel’

ASX Company News: Singtel Acquires Vividwireless Group

Tuesday, February 21st, 2012

Singapore Telecommunications Limited (SGT) announced that its Australian wholly owned subsidiary, Optus Mobile Pty Limited, has signed an agreement to acquire all the issued shares in Vividwireless Group Limited from Network Investment Holdings Pty Limited for an expected cash consideration of A$230 million. Network Investment Holdings is wholly owned by Seven Group Holdings Limited. Vividwireless is the holding company of five wholly owned subsidiaries, one of which, BKAL Pty Limited, holds spectrum licences in the 2.3 GHz band. Vividwireless owns and operates two wireless broadband businesses trading under the brands “vividwireless” and “unwired”. Optus plans to use the acquired spectrum to deliver wireless broadband to households and businesses in metropolitan Australia with LTE-TDD technology. The new network will be integrated with Optus’ 1800MHz 4G network to enhance Optus’ network capacity and provide increased mobile data speeds for customers.

The purchase price consideration was arrived at on a willing buyer-willing seller basis based on, inter alia, an assessment of Vividwireless’ businesses and assets and also taking into account the strategic value of spectrum. Optus will make a separate additional payment to the Australian Communications and Media Authority for the reissue of spectrum licences in accordance with the final determination of the Australian Government on or before the expiry date of the existing licences.

www.singtel.com

http://www.traderdealer.com.au/fundamentals/sgt

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ASX Company News: SingTel Continues To Grow Mobile Subscriber Base

Friday, August 12th, 2011

Singapore Telecommunications Limited (SGT) announced that the Group delivered another strong quarter of mobile customer acquisitions. The Group’s total mobile customer base increased by 19 per cent or 65.4 million from a year ago, to 416 million as at 30 June 2011. Bharti’s total mobile customer base across its operations in South Asia and Africa grew to 221 million as at 30 June 2011, representing an increase of 25 per cent or 44.3 million from a year ago. Bharti completed the rollout of its 3G services in India, across all thirteen 3G licence circles, and introduced international video calling capabilities on 3G. Bharti’s mobile customer base in India reached 169 million, an increase of 24 per cent or 32.6 million from a year ago.

Telkomsel crossed the 100 millionth customer milestone in April, making it the 7th operator in the world to serve more than 100 million customers in one country. Its mobile customer base reached 102 million as at 30 June 2011, an increase of 16 per cent or 14.0 million from a year ago.

SingTel is a strategic investor in the region’s most successful mobile operations. It has a 21 per cent stake in Thailand’s Advanced Info Service (AIS). It has a 32 per cent effective interest in Bharti Airtel, India’s largest GSM operator, which has significant presence in Bangladesh, Sri Lanka and Africa. SingTel has a 47 per cent stake in Globe Telecom in the Philippines and a 35 per cent stake in Indonesia’s largest mobile operator, Telkomsel. It also has a 45 per cent stake in Pacific Bangladesh Telecom Limited (PBTL) and a 30 per cent stake in Warid Telecom in Pakistan.

www.singtel.com

www.optus.com.au

http://www.traderdealer.com.au/fundamentals/sgt

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ASX Company News: Optus Secures Agreement For High Speed Broadband Customers

Friday, June 24th, 2011

Optus (SGT) announced that it had reached a landmark agreement with NBN Co on the migration of its Hybrid Fibre Coaxial Cable (HFC) customers to the National Broadband Network (NBN). Under the agreement, Optus will begin the progressive migration of its customers to the NBN once the network is rolled out in an area and is ready to provide services to customers currently served by Optus’ HFC network. Optus estimates the total value of the agreement as approximately A$800 million on a post tax net present value basis, with HFC customers migrated to the NBN following deployment of the network in HFC serving areas in accordance with the anticipated timetable. Payment will be received progressively on migration. Optus and NBN Co expect that the initial migration of customers to NBN infrastructure will commence in 2014. The program is expected to take up to four years to be completed across Optus’ entire HFC footprint. Optus will continue to supply services to customers using its HFC network until the NBN is built and customers have been migrated.

Paul O’Sullivan, Optus Chief Executive said, “Optus was born in competition. This deal supports the NBN to create a level playing field for all telcos. Australian consumers will be the winners. “This agreement represents a fair deal for Optus. We intend to use the NBN to turbo-charge competition and to deliver the full potential of a 21st century digital life to customers,” Mr O’Sullivan said. Mike Quigley, NBN Co Chief Executive said, “A definitive agreement with Optus, Australia’s second largest ISP, represents a significant step in the journey towards a true level playing field for retail broadband services”.

www.optus.com.au

http://www.traderdealer.com.au/Fundamentals/sgt

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SingTel Secures S$850 million Ministry of Education Contract

Monday, June 14th, 2010

Singapore Telecommunications Limited (SGT) and its wholly-owned subsidiary, NCS, today announced that NCS has been appointed the ICT partner in the Ministry of Education’s (MOE) S$850 million Standard ICT Operating Environment for Schools programme. Under the programme, NCS will provide all schools in Singapore with central infrastructure and computing services. The eight-year programme will combine the best of technologies and efficient business and support processes to offer a superior infocomm technology (ICT) experience for school leaders, teachers and administrative staff. This will improve the ICT environment in the education industry and enable school leaders and teachers to harness the power of ICT without the need to manage complex equipment and technology.

“At SingTel, we believe that education is the key to the future of our country and we are honoured to have been appointed the programme’s ICT service provider and play our small part in educating our young. As Einstein said, it is the supreme art of the teacher to awaken joy in creative expression and knowledge. Through best-in-breed technology we aim to help teachers achieve this by allowing them to focus and maximise their time spent helping students learn, and not to install technology for its own sake,” said Allen Lew, SingTel’s CEO Singapore and Chairman of the NCS Group. “Feedback from current and former educators told us that a simple and effective user experience is what teachers want and we will put in the right technology solutions and people to make it happen. SingTel and NCS have participated very actively in the education sector and have supported two Schools of the Future. This win reinforces NCS’ commitment to the education sector and our focus on desktop management services required to support Singapore’s long-term education goals. NCS wishes to thank MOE for their confidence in our ability to deliver and we look forward to an even closer working relationship in the future.”

www.ncs.com.sg

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Optus wins a major ANZ contract

Tuesday, May 5th, 2009

Optus has won a $500 million contract with ANZ, challenging Telstra s dominance in the field of providing telecommunications services to the big four banks.

Under the 5-year deal Optus parent company SingTel will provide new network infrastructure for ANZ operations in 30 countries across the Asia Pacific, including Australia and India.

In doing so, SingTel will become the ANZ s exclusive telco provider, ousting Telstra, whose existing contracts with the bank are valued at around $30 million a year.

For the ANZ, the project forms part of the bank s push to expand into Asia.

For more info, read this article in The Australian

Codes for your watchlist

  • Telstra: TLS.AX (ASX)
  • ANZ Bank: ANZ.AX (ASX)
  • Singapore Telecommunications: SGT (ASX); STEL (SGX)

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