Singtel is doubling down on its efforts to build a future-ready workforce. The company, which employs 12,000 people in Singapore, announced that it will invest $20 million a year and create a new learning academy to further enhance its training efforts with the signing of a Memorandum of Understanding (MOU) with the Union of Telecoms Employees of Singapore (UTES) regarding its Company Training Committee (CTC).
Telstra is Australia’s fastest mobile network for the first half of 2022, based on results from the Ookla Speedtest Awards from January to June 2022.
Singtel’s wholly-owned subsidiaries have entered into a share purchase agreement to sell a 3.3% direct stake in regional associate Airtel to Bharti Telecom, a joint venture between Bharti Enterprises and Singtel, at any time before November 23, 2022. The sale will unlock approximately S$2.25 billion as part of the Singtel Group’s capital recycling strategy.
Globe announced that it received board approval to sell over 7,000 towers in what is to be the largest ever tower sale and leaseback deal in the Philippines.
Google has opened its third data center in Singapore, marking 15 years since Google’s first office was established in Southeast Asia in the small city-state in 2007.
Keppel Offshore & Marine Ltd (Keppel O&M), in partnership with M1, has implemented a 5G augmented and virtual reality (AR/VR) smart glasses solution at its yard in Singapore, the first in Southeast Asia’s maritime industry. The pilot project is part of Keppel O&M’s strategy to leverage digitalization and virtual technology to enhance the efficiency of remote operations for its tech-enabled workforce. The project received a grant from IMDA’s 5G Innovation Program for the development of virtual platform solutions.
Airtel has paid Rs 8,312.4 crores to the Department of Telecom (Government of India) toward dues for spectrum acquired in the recently concluded 5G auctions.
The International Finance Corporation (IFC) announced that it is providing $70 million to fund a shared mobile infrastructure project in the Philippines.
ZTE, together with the Yunnan Branch of China Mobile, has completed the commercial trial of co-routing detection in China Mobile’s existing optical network in Yunnan province, China.
Singtel plans to invest a further $100 million into Singtel Innov8, its corporate venture arm, raising its total capital commitment to $350 million. One of the earliest corporate venture capital firms in Southeast Asia, Innov8 invests in start-ups that align with Singtel Group businesses in the areas of 5G, artificial Intelligence, the digital economy, sustainability, cybersecurity and emerging technologies. It operates on an evergreen fund model, re-investing returns from portfolio exits into new investments. With the capital injection, Innov8 will further expand its portfolio of investments in Southeast Asia, the United States, China, Israel and Australia.
