Singapore Telecommunications (SingTel) is reportedly looking for possible investments in Central Asia and the Middle East. To this end, the Singapore telecom service provider could tie up with other operators to make joint bids for new licences or buy stake in existing operators. The company is especially interested in Vietnam as the market is characterised by a high population and relatively low mobile penetration. However, it is dependent on the Vietnamese government’s timetable for privatisation.
Singapore’s telecom market has reached 100 per cent mobile penetration. The company currently derives around 75 per cent of its revenues and two-thirds of its pre-tax earnings from operations outside Singapore.
