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(10-08-2013, 10:42 AM)CityFarmer Wrote: IMO, without the Myanmar's telecom venture, there is lesser motivation to sell the Optus satellite... Will the proposal just fall through...?
SingTel gets 2 bids for Optus satellite business
HONG KONG — Singapore Telecommunications (SingTel) has received two offers for its Australian satellite business in the final round of the bidding, including one from United States-listed Intelsat, three sources with knowledge of the matter said.
Both offers came in below the A$2 billion (S$2.3 billion) reserve price set for the auction and SingTel will decide at a board meeting next week whether to divest the business through an initial public offering (IPO) or ask suitors to improve their bids, the sources said.
http://www.todayonline.com/business/sing...e-business
The final review result of Australian satellite business is announced. The end result is nothing will change.
Well, the final card is unfolded, time to update the model and do a final valuation... 
SingTel to keep Australian Optus satellite unit after review
Singapore Telecommunications, Southeast Asia’s biggest phone company, plans to keep its Australian satellite unit after concluding a strategic review.
“Based on the review, SingTel is committed to growing and investing in the satellite business,” the company said in a statement.
http://www.theedgesingapore.com/the-dail...eview.html
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SingTel Q1 result is announced this morning, I am yet to take a look.
But there are already news report, Wow...
SingTel Q1 net profit up 7%, flags falling revenue
SINGAPORE — South-east Asia’s largest telecommunications operator Singapore Telecommunications reported a 7 per cent rise in first-quarter net profit today (Aug 14), helped by its consumer business and contribution from its regional mobile associates.
“It was a strong quarter. We continue to make progress in strengthening our high performance core business and create next-generation growth engines in the digital space,” SingTel chief executive Chua Sock Koong said in a statement.
“We made good strides in our transformational initiatives, improving yield and capturing value from increased data usage trends.”
But the company said it expects group revenue to fall by mid single digit level and earnings before interests, taxes, depreciation and amortisation (EBITDA) to decline by low single digit level for the financial year ending March 2014.
http://www.todayonline.com/business/sing...ng-revenue
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SingTel started the price hike on extra data usage... Will M1 and Starhub follow suit?
Excess data charges to double as promo is ending: SingTel
SINGAPORE — Singtel has responded to media reports that it will double its mobile charges for 4G customers who exceed their monthly data bundle, saying that its earlier rate was a promotion which ends on Sept 15.
“The rate of $5.35/GB for 4G local excess data usage (data that is used beyond the monthly data bundle) was offered as a special promotion with the launch of our 4G service in June 2012,” said a SingTel spokesman today (Aug 14).
From Sept 16, excess data usage will be charged at the regular rate of S$10.70/GB, capped at S$188 per month. The rates were halved for the promotion, which was supposed to end in January but was extended until next month.
http://www.todayonline.com/singapore/exc...ds-singtel
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Do the telcos need to apply to IDA if there is any change to data charges? There are only 3 telcos and if they all raise prices, consumers will suffer. Seems like they are behaving like the petrol companies here.
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(15-08-2013, 11:08 AM)countonme Wrote: Do the telcos need to apply to IDA if there is any change to data charges? There are only 3 telcos and if they all raise prices, consumers will suffer. Seems like they are behaving like the petrol companies here.
Obviously not. In fact Dr Yaaccob explicitly said in parliament that in a competitive market, prices will be determined by market forces. Since we have three telcos in the market, it is therefore deemed competitive and so govt will not meddle with commercial pricing.
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Timing seems right, with rupee devaluation and stronger S$... SingTel management still feels confident on Bharti Airtel...
SingTel raises stake in India's Bharti Airtel for $384 mil
Singapore Telecommunications (SingTel) said on Thursday it will increase its effective interest in India's Bharti Airtel to 32.34% from 30.76%, paying around $383.6 million.
SingTel, Southeast Asia's largest telecommunication operator, said it had agreed to buy 788,538 shares, or 3.62%, of Bharti Telecom. Bharti Telecom holds 43.57% of Bharti Airtel.
http://www.theedgesingapore.com/the-dail...4-mil.html
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With the latest numbers, SingTel cash flows till end of FY2014 are estimated as
Outflow: Total of S$4294 million
- Australia spectrum auction cost of A$649 million or S$811 million with A$=S$1.25
- Singapore spectrum auction cost of S$136 million.
- Digital Life announced investment of S$2 billion over 3 year, amortized as S$667 million in 1 years.
- Dividend payout, $2680 million, similar as in FY2013
Inflow: S$4294 million
- Existing cash position of S$911 million as in AR2013
- Estimated FCF of S$3383 million, i.e. FCF in FY2013 with 10% discount due to FX losses.
The present expected outflow can be financed without the funding from Netlink's divestment, IMO
NetLink 75% divestment with PB=1 is S$1418 million i.e. approx 9 cents per share. The value is also depend the way it will be divested, a direct sale, IPO with cash distribution or shares in specie.
(vested)
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22-08-2013, 05:58 PM
(This post was last modified: 22-08-2013, 06:26 PM by CityFarmer.)
It is SingTel bought over the entire OpenNet via NetLink indirectly. I am pleasantly surprises by the move. It will make NetLink more "invest-able"...
The price tag is also favorable to SingTel IMO. It is estimated that $126 mil is less than P/S of 1 as of now... Why so cheap? Hmm...
CitySpring Infrastructure Trust manager to acquire 100% of OpenNet for $126mil
CitySpring Infrastructure Management, the trustee-manager of CitySpring Infrastructure Trust, said that CityNet Infrastructure Management, a wholly-owned subsidiary of CitySpring, has agreed to acquire 100% of OpenNet for a total cash consideration of $126 million. This transaction is subject to regulatory approvals.
OpenNet designs, builds and manages an open, high quality fibre network for Singapore’s Next Generation Nationwide Broadband Network (Next Gen NBN).
The shareholders of OpenNet are SingTel Interactive, Axia NGNetworks Asia, SPH Net and SPT Net, with equity interests of approximately 30%, 30%, 25% and 15% respectively.
“We believe this acquisition will streamline the industry where NetLink Trust will be responsible for the Next Gen NBN fibre network, in addition to the ducts, manholes and central offices used by the network which we are already responsible for,” said Yap Chee Keong, Chairman, CityNet. “More importantly, we hope to continue the earlier success of the NBN rollout, to achieve greater efficiencies for the next phase of growth.”
With the acquisition, NetLink Trust will become the sole owner of OpenNet and the NextGen NBN fibre network. CityNet, as trustee-manager of NetLink Trust, will integrate OpenNet’s operations and staff to ensure that there is a seamless continuation of the Next Gen NBN roll out and provisioning of services.
CityNet will also be responsible for the future maintenance and deployment of fibre network across Singapore, including the installation of fibre at customer premises.
http://www.theedgesingapore.com/the-dail...26mil.html
The SGX announcement here.
http://infopub.sgx.com/FileOpen/Proposed...eID=253407
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(22-08-2013, 05:58 PM)CityFarmer Wrote: It is SingTel bought over the entire OpenNet via NetLink indirectly. I am pleasantly surprises by the move. It will make NetLink more "invest-able"...
The price tag is also favorable to SingTel IMO. It is estimated that $126 mil is less than P/S of 1 as of now... Why so cheap? Hmm...
City Farmer, I dun understand the news.
Did CitySpring or Singtel buy OpenNet? 
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