Singapore Telecommunications (SGT)

Shares / Stock Code

SGT

Stock Exchange / Sharemarket

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Singapore Telecommunications (SGT) is a leading communication group providing telephony services, data and mobile communication services and postal services in Singapore. SingTel listed on the Singapore Exchange in November 1993, with a market capitalisation of over S$58 billion. SGT floated on the ASX on 10th September 2001 and to date it employs around 19,000 personnel globally. As at 31 March 2007, the Company had revenue up to US$8.41 billion. SGT operates in 37 cities located in 19 countries and territories across Asia Pacific, Europe and the United States. SGT also focuses on the subscription television and the sale of telecommunications products. SingTel is a licensed Internet services provider. SingTel also holds frequency spectrum and license rights from the Info-communications Development Authority of Singapore for the installation, operation and maintenance of third-generation mobile communication systems and services respectively, including wireless broadband systems and services. In August 2008, SingTel acquired 60% interest in Singapore Computer Systems Limited through Computer Systems Holdings Pte. Ltd with the remaining interest acquired on December 15, 2008. The Company serves over 185 million mobile customers in eight markets across Asia outside of China. SGT is providing voice and data services over fixed, wireless and Internet platforms in Singapore and Australia through its 100%-owned subsidiary SingTel Optus. Optus caters services to over six million customers in Australia. The Company has investments in a number of key sophisticated submarine cable and satellite systems across the world and it is considered as the second largest satellite operator in the Asia Pacific region.

Singapore Telecommunications History

The Company was created in 1974 following the merger of the Singapore Telephone Board and the former telecommunications Authority of Singapore. In 1982, the Singapore Postal Service Department completed a merger with SGT. The Company was incorporated in March 1992 and listed on the Singapore Stock Exchange in November 1993. SGT acquired Optus in October 2001. It listed on the ASX in September, 2001. In May 2003, SingTel sold its 69% shares held in Singapore Post (SingPost) in an initial public offering.