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Singapore Telecom seeks competitive edge
01 September 1999
Singapore Telecom loses its monopoly in fixed line services in 2000. The operator will focus increasingly on international investments and a diversified range of services to offset a potential decline in revenues from international direct dial. President and CEO Hsien Yang Lee talks to Global Telecoms Business about the operator's long-term ambitions.
Singapore Telecom was corporatized in 1992. The incumbent
telco, which is also licensed to provide postal services, was
listed on Singapore's stock exchange in 1993. The government
holding, Temasek Holdings, owns 77% of the shares. Private
investors account for 12% of the shares.
On March 31 2000 Singapore Telecom will lose its monopoly on
fixed line national and international communications services.
The operator is likely to face stiff competition from a new
entrant, StarHub, which is owned by British Telecom (18%),
Nippon Telegraph & Telephone (22%), local companies,
Singapore Technologies (34.5%) and Singapore Power (25.5%).
In an exclusive interview, the president and CEO of Singapore
Telecom Hsien Yang Lee talks about recent developments,
including a possible share buyback plan.
The operator has recorded positive earnings results.
However, this has not been reflected in its share price. The
operator is now considering repurchasing shares, as Lee
explains: "I think we...
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