Singtel
Singapore Telecommunications Limited, commonly known as Singtel, is a leading communications technology group in Asia, operating in one of the world’s fastest-growing and most dynamic regions.
Company Overview
Singtel is the largest mobile network operator in Singapore, with 4.1 million subscribers. Through its subsidiaries, it has a combined mobile subscriber base of 770 million customers as of March 31, 2022. The company provides a wide range of services, including fixed-line and mobile telephony, broadband and fixed-line internet services, digital television, and IT and network services.
Global Presence
Singtel has expanded aggressively outside its home market and owns shares in many regional operators, including full ownership of Australia’s second-largest telco, Optus, and a 32.15% stake in Bharti Airtel, the second-largest carrier in India. The company controls significant market share in Australia and Singapore, with 82% of the fixed-line market, 47% of the mobile market, and 43% of the broadband market in Singapore.
Financial Performance
As of January 24, 2025, Singtel’s stock price is $2.36, with a market capitalization of $38.9 billion and 16.5 billion shares outstanding.
Strategic Initiatives
In October 2024, Singtel unveiled RE:AI, a cloud service aimed at making AI technologies widely accessible to organizations.
Corporate Governance
Singtel is majority-owned by Temasek Holdings, the investment arm of the Singapore government. The company is publicly listed on the Singapore Exchange and is the second-largest company by market capitalization listed on the exchange.
Conclusion
Singtel’s extensive service offerings, strategic investments, and commitment to innovation have established it as a dominant force in the telecommunications industry across Asia and beyond.
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