SingTel broadens its footprint...again.
SingTel and Warid Telecom of Pakistan are coming together in yet another deal for SingTel that broadens its scope beyond Singapore.
The 30% stake in Warid is worth an estimated US$758 mln. and now gives SingTel access to another market beyond the shores of Singapore, bringing the total number of markets that SingTel has a major presence in regionally to 8.
This sort of growth for SingTel I think signals 2 things: 1) SingTel is more a regional telco than anything, and 2) SingTel has to broaden its horizons outside of Singapore to stay profitable and revenue generating. Simply put - as most companies will probably agree with - Singapore is tapped out and SingTel has scaled the market and capitalized off the market here at home as much as it possibly can.
But the investment in Pakistan is a good one for SingTel I think, given how much that market is on the rise. It just makes you wonder where SingTel's next move is going to be and what market they will tackle next.
As always please see your licensed financial advisor before making any investment decisions.
Curtis Bergh
ArchivesThe 30% stake in Warid is worth an estimated US$758 mln. and now gives SingTel access to another market beyond the shores of Singapore, bringing the total number of markets that SingTel has a major presence in regionally to 8.
This sort of growth for SingTel I think signals 2 things: 1) SingTel is more a regional telco than anything, and 2) SingTel has to broaden its horizons outside of Singapore to stay profitable and revenue generating. Simply put - as most companies will probably agree with - Singapore is tapped out and SingTel has scaled the market and capitalized off the market here at home as much as it possibly can.
But the investment in Pakistan is a good one for SingTel I think, given how much that market is on the rise. It just makes you wonder where SingTel's next move is going to be and what market they will tackle next.
As always please see your licensed financial advisor before making any investment decisions.
Curtis Bergh
Labels: Pakistan, Singapore, SingTel, Warid
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