Singapore Telecommunications

Infobox Company
name = Singapore Telecommunications Limited

type = Public (sgx|T48, asx|sgt)
genre =
foundation = Singapore (1879)
founder =
location_city = Singapore
location_country = Singapore
location =
locations =
area_served =
key_people = Chumpol NaLamlieng, Chairman
Chua Sock Koong (Group Chief Executive Officer)
Allen Lew (Chief Executive Officer, Singapore)
Lim Chuan Poh (Chief Executive Officer, International)
Jeann Low (Group Chief Financial Officer)
industry = Telecommunications
products = mobile services
internet
fixed network services
iptv
services =
revenue = profit $14,844.4 million SGD (March 2008)
operating_income = profit $4.530.2 million SGD (March 2008)
net_income =
assets =
equity =
parent = Temasek Holdings
num_employees = >20,000
divisions =
subsid =
slogan =
homepage = http://www.singtel.com/
footnotes =
intl = yes

Singapore Telecommunications Limited (sgx|T48, asx|sgt), commonly abbreviated as SingTel, is Asia's leading 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 [ [http://www.bloomberg.com/apps/news?pid=20601091&sid=aEgPRVSfR7PY&refer=india Bloomberg.com: India & Pakistan ] ] , SingTel is the largest mobile network operator in the Asia Pacific outside of the People's Republic of China. SingTel provides ISP (SingNet), IPTV (mioTV), mobile phone and fixed line telephony services.

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.

History

In 1879, three years after Alexander Graham Bell patented his telephone invention, Bennet Pell started a private telephone exchange in Singapore that had 50 lines.

Until the mid-1950s, telephone services in Singapore were managed by British interests. In 1955, the Singapore Telephone Board (STB) was incorporated as a statutory board with exclusive rights to operate telephone service within Singapore. This was 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.

In March 1992, SingTel was incorporated and became a public company in October 1993. SingTel currently remains as Singapore’s largest IPO. It was listed on the Singapore Exchange in November 1993 and on the Australian Stock Exchange in September 2001.

In an effort to focus on its core telecommunications services business, SingTel sold 69% of Singapore Post (SingPost) in an Initial Public Offering in May 2003. SingPost was listed on Singapore Exchange on 13 May 2003. SingTel also divested its stake in Yellow Pages, its directory business, in June 2003 to CVC Asia Pacific and J.P. Morgan Partners Asia for S$220 million in cash.With effect from 2009, Singtel will raise price for it's mainline service, the service's first raise in 18 years.

ubsidiaries

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 176.03 million as at February 2008, and a total of 63.1893 million proportionate subscribers:

Other members of the SingTel group include 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.

References

External links

* [http://www.singtel.com/ SingTel Official Website]

ubsidiaries

* [http://www.singnet.com/ SingNet]
* [http://www.ncs.com.sg/ NCS Pte. Ltd.]