feels like singtel has too much cash, kinda blindly making acquisition for the sake of growth.
(05-09-2013, 08:25 PM)CityFarmer Wrote: [ -> ]SingTel continue to spend monies. NTA of US$1.1 mil, and with price of US$15 mil, so PB is close 14. Well, it should be OK, since the budget is S$2 bil anyway i.e. US$1.6 bil.
SingTel's goodwill is building-up on the balance sheet, slowly...
-------------
Singapore Telecommunications Limited wishes to announce that its wholly-owned
subsidiary, Amobee, Inc. (“Amobee”), has entered into a conditional agreement to
acquire 100% of the share capital of Gradient X, Inc. (“GradientX”), a corporation
organised under the laws of Delaware, USA (the “Transaction”).
GradientX has developed a mobile advertising and marketing platform with
real-time bidding capabilities. These capabilities will help enhance Amobee’s
value proposition to customers for its digital advertising business.
The aggregate consideration for the Transaction is approximately US$15 million,
and was arrived at on a willing buyer-willing seller basis based on, inter alia, an
assessment of GradientX’s assets and business prospects. The consideration will
be paid in cash.
The Transaction is subject to certain conditions precedent, including the receipt of
relevant approvals.
As at 31 May 2013, GradientX had Net Tangible Liabilities of approximately
US$1.1 million.
...
http://infopub.sgx.com/FileOpen/558-ann-...eID=255318
It's not NTA... more like NTL, if there's such a term...
(05-09-2013, 08:40 PM)KopiKat Wrote: [ -> ]It's not NTA... more like NTL, if there's such a term...
Oh... my apology. So it is having negative equity...
Optus's revenue in FY2013 was A$8934 mil. The deal is A$530 mil for 5 years i.e. A$106 mil per year. It is just slightly more than 1% of Optus's revenue...
SingTel, Optus extend ANZ contract in S$621m deal
SINGAPORE — SingTel and its Australian subsidiary Optus have secured a A$530-million (S$621-million) deal to extend their contract to supply the Australia and New Zealand Banking Group (ANZ) with telecommunication and managed services for another five years.
The deal includes domestic and international data network services, mobility, collaboration, contact centre services and managed services to support ANZ’s business operations, SingTel and Optus said in a joint statement.
...
http://www.todayonline.com/business/sing...s621m-deal
Moving people to tier-data plan will continue to increase their revenue. Good for the company it bad for consumers. I wonder do they need get IDA approval for doing so? All the 3 telcos are reducing data for their plans as usage keep climbing. And over-usage chages are very high.
Increasing reliance on 3G and 4G data. Higher QoS requires higher maintenance fees. No reason not to milk for profits?
All the CAPEX invested in SMSC etc. already, might as well boost usage back to utilize those committed infra better.
(20-09-2013, 08:22 PM)lonewolf Wrote: [ -> ]I dun think VBuddies will be very surprised with this news. Yet another waste of money.
SingTel shuts e-book store skoob after two years of operation
well they got to keep trying isn't it? else they end up as a dumb pipe.
i held the believe that had singtel stayed in singapore they have the highest ROA.
even if they chose to invest only in telkomsel and ais, their roa would have been far better
(20-09-2013, 08:22 PM)lonewolf Wrote: [ -> ]I dun think VBuddies will be very surprised with this news. Yet another waste of money.
SingTel shuts e-book store skoob after two years of operation
SingTel didn't has the "hunger" of a start-up to succeed.
Starting new idea seems not the forte of SingTel. May be SingTel should focus on acquiring established idea e.g. TheMobileGamer, Amobee or HungryGoWhere.
SINGAPORE (Reuters) - Seven Singapore telecom firms, including M1 Ltd and StarHub Ltd, on Wednesday asked the government to reject Singapore Telecommunication Ltd's proposed acquisition of the firm developing the city-state's next generation broadband network.
NetLink Trust, a trust controlled by SingTel, has proposed acquiring OpenNet, the consortium developing the broadband network, for S$126 million ($100.47 million) in a deal that requires regulatory approval from the Infocomm Development Authority of Singapore.
"If approved, the proposed consolidation would see SingTel becoming the 100 percent beneficial owner of the only other nationwide fixed telecommunications network in Singapore, apart from SingTel's own network," the seven companies said in a joint statement.
"The unprecedented show of solidarity demonstrates the grave concerns the industry has over the competition issues raised by the proposed consolidation, including the potential of discriminatory treatment and a lack of independence," they added.