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☆ Singtel launches new service aimed at democratizing AI access to drive growth in Asia
▼ + stars: | 2024-10-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingtel launches new service aimed at democratizing AI access to drive growth in AsiaBill Chang, CEO of Singtel's Digital InfraCo, talks about leveraging its data centers and platform to build an artificial-intelligence ecosystem that he says will cause a transformation in the access to AI technology.

Persons: Asia Bill Chang Organizations: Singtel's Locations: Asia

☆ Sovereign AI explained: An AI cloud CEO unpacks what's behind the trend
▼ + stars: | 2024-10-07 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

The company started buying Nvidia GPUs in 2021, getting to the AI cloud computing business earlier than most. CEO J.J. Kardwell describes the company as the largest privately-held cloud computing platform in the world. It also makes the Vultr boss well-positioned to explain a phrase frequently on the lips of AI luminaries like Nvidia CEO Jensen Huang: sovereign AI. Sovereign cloud is the delivery of cloud infrastructure as a service, typically inside a country. BI: AI computing is extremely energy intensive, and concerns about the US grid abound.

Persons: —, it's, J.J, Kardwell, Jensen Huang, we'll Organizations: Vultr, Service, Nvidia, Singtel, Department of Defense Locations: Singapore, Malaysia

☆ Singtel Group CFO discusses the company's new growth plan Singtel28
▼ + stars: | 2024-07-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingtel Group CFO discusses the company's approach under the new growth planArthur Lang of Singtel says its businesses and affiliates are "in a very good position" but the company will continue to look at partnerships and investments as long as there is a reason for it.

Persons: Arthur Lang, Singtel Organizations: Singtel

☆ Ericsson is shutting down its ad division, the latest in a long line of telco-adtech divorces
▼ + stars: | 2024-06-04 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

Read previewSwedish telecommunications-equipment company Ericsson plans to shut down Emodo, the advertising business it launched in 2017, multiple people familiar with the matter told Business Insider. "Emodo was created in a strategic play for Ericsson to provide our telco customers with monetization opportunities through digital advertising," an Ericsson spokesperson said in a statement. Emodo had only this year brought on a new team to help it build AI-powered ad solutions for connected TV. The closure of Emodo marks the latest in a long line of telco-adtech collaborations that have bitten the dust. The Singaporean telecoms company Singtel divested its Amobee adtech division to the adtech company Tremor International, now known as Nexxen, in 2022.

Persons: —, Emodo, Andrew Rutledge —, DoubleClick, Matt Prohaska, Prohaska Organizations: Service, Ericsson, Business, CTV, Samsung, Verizon, Yahoo, AOL, Microsoft, Singtel, Prohaska Consulting Locations: Xandr

☆ We are fully committed to rebuilding Australian customer confidence in Optus, says Singtel CEO
▼ + stars: | 2024-05-23 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are fully committed to rebuilding Australian customer confidence in Optus, says Singtel CEOYuen Kuan Moon, group CEO of Singtel, discusses the issues surrounding its Australian subsidiary Optus.

Persons: Yuen Kuan Organizations: Optus, Australian

☆ Eco-friendly data centers help drive $6.3 billion of green investment in Southeast Asia, but report shows more needed
▼ + stars: | 2024-04-16 | by ( Dylan Butts | ) www.cnbc.com time to read: +3 min

The analysis, conducted by Bain & Company, GenZero, Standard Chartered and Temasek, found that $6.3 billion of green investments flowed into the region, representing a 21% year-on-year increase. Last year, Malaysia attracted large-scale green financing of over $500 million for at least two data centers, according to the Monday report. watch nowThe move came after the Singaporean government unveiled a sustainability standard for data centers operating in tropical climates. Despite these efforts, Singapore's overall green investments fell in 2023 to $0.9 billion from $1.2 billion a year prior. Green investment towards power in the region fell by 14% year-over-year for the second year in a row.

Persons: Singapore —, Kimberly Tan, GenZero's Tan Organizations: Istock, Getty, Bain & Company, GenZero, Chartered, International Energy Agency, Singapore Locations: Asia, Temasek, Malaysia, Singapore

☆ Urban solar projects are becoming more common in Singapore. Here's how one company is powering the way forward.
▼ + stars: | 2024-02-23 | by ( Sponsor Post | ) www.businessinsider.com time to read: +8 min

EDP Renewables, a leading global renewables player, has its APAC regional headquarters based in Singapore. At street level, most people never see the solar revolution happening right above them — one that generates zero emissions and boosts Singapore's energy security. Singapore's solar ambitionsSingapore is in an obvious position to integrate solar into the national power grid. In 2023, EDP Renewables APAC greened Pulau Ubin's micro-grid with renewables. Singapore has 1 gigawatt (GW) of solar energy in operation, of which EDPR has more than 30% market share of fully-owned installed solar capacity.

Persons: Kris LeBoutillier, he's, Pedro Vasconcelos, Vasconcelos, EDPR, — Pedro Vasconcelos Organizations: EDP Renewables, Public, Housing & Development Board, JTC Corporation, Singapore Technologies, Singapore Authority, SolarNova, EDB, Renewables, EDP, Insider Studios, Singapore Economic Development Board Locations: Singapore, Asia, Singtel, Jurong Port, Port, Straits, Johor, Malaysia, APAC, 1GWp

Parent Singapore Telecommunications (STEL.SI) announced the resignation of Optus CEO Kelly Bayer Rosmarin days after a network-wide outage left nearly half of Australia's 26 million people without phone or internet for 12 hours. Appointed in April 2020, Rosmarin headed Optus through two national scandals that have tarnished the reputation of the telco giant. A massive data hack last year exposed the personal data of 10 million Australians and triggered a class action lawsuit and multiple investigations from regulators. Optus executives told the parliamentary hearing on Friday the telco provider had not foreseen a network-wide outage and so had no backup plan in place. (This story has been corrected to change date of Optus network outage to earlier this month, not last week, in paragraph 7)Reporting by Himanshi Akhand in Bengaluru, and Lewis Jackson and Byron Kaye in Sydney; Editing by Lisa Shumaker and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Kelly Bayer, Michael Venter, Singtel, Rosmarin, ”, telco, Yuen Kuan, Peter Kaliaropoulos, Himanshi, Lewis Jackson, Byron Kaye, Lisa Shumaker, Stephen Coates Organizations: telco Optus, Parent Singapore Telecommunications, Optus, Triple, Thomson Locations: Optus, Bengaluru, Sydney

☆ Australian telco Optus CEO resigns days after network-wide outage
▼ + stars: | 2023-11-19 | by ( ) www.reuters.com time to read: +1 min

Nov 20 (Reuters) - Australia's second-largest telco Optus' Chief Executive Officer Kelly Bayer Rosmarin has resigned, its parent Singapore Telecommunications (STEL.SI) said on Monday, days after a network-wide outage left nearly half the country without phone or internet for 12 hours. Optus has appointed Chief Financial Officer Michael Venter as interim CEO. Peter Kaliaropoulos was appointed to a newly created position of chief operating officer, SingTel added. More than 10 million Australians were hit by the 12-hour network blackout at the nation's second-largest telco for much of Wednesday, triggering fury and frustration among customers and raising wider concerns about the telecommunications infrastructure. Reporting by Himanshi Akhand in Bengaluru; Editing by Lisa ShumakerOur Standards: The Thomson Reuters Trust Principles.

Persons: Kelly Bayer Rosmarin, Michael Venter, Peter Kaliaropoulos, SingTel, Yuen Kuan, Himanshi, Lisa Shumaker Organizations: Optus, Singapore Telecommunications, Thomson Locations: Bengaluru

☆ Australian telco Optus tells lawmakers it had no plan to address total outage
▼ + stars: | 2023-11-17 | by ( Byron Kaye | ) www.reuters.com time to read: +3 min

Singtel has said that while Optus experienced an outage after its software upgrade, the upgrade itself was not the cause. "Singtel will support Optus as it learns from what has occurred and continues to improve," the Singapore company said a day earlier. Kanagaratnam told the hearing Optus never expected a total shutdown because it had filters designed to stop all 90 of the company's routers from being overloaded with data. "The outage was a result of our defence not working as it should have," he said. Bayer Rosmarin said 228 calls to Australian emergency hotline Triple-0 failed to connect because of the outage, but the telco had followed up all incidents and "thankfully everybody is OK".

Persons: Kanagaratnam, Singtel, Kelly Bayer Rosmarin, Bayer Rosmarin, telco, Byron Kaye, Gerry Doyle Organizations: SYDNEY, Optus, Singapore Telecommunications, Triple, Bayer, Thomson Locations: Singapore

☆ Optus parent SingTel denies software upgrade as root cause for outage
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +1 min

Nov 16 (Reuters) - Singapore Telecommunications Ltd (STEL.SI), the parent of Australian telecoms provider Optus, said on Thursday its planned software update was not the root cause for an outage last week, contradicting Optus' claims earlier this week. Optus had earlier in the week said an initial investigation found the company's network was affected by "changes to routing information from an international peering network" after a "routine software upgrade". SingTel, while confirming that Singtel Internet Exchange (STiX) is one of Optus' international networks that connects to the global internet, denied that the routine software upgrade was the root cause. "We are aware that Optus experienced a network outage after the upgrade when a significant increase in addresses being propagated through their network triggered preset failsafes," SingTel said. SingTel's statement comes a day before Optus CEO, Kelly Bayer Rosmarin faces an Australian senate inquiry into the massive outage.

Persons: SingTel, Kelly Bayer Rosmarin, Sameer Manekar, Dhanya Ann Thoppil Organizations: Singapore Telecommunications Ltd, Optus, Singapore Telecommunications, Thomson Locations: Bengaluru

☆ Morgan Stanley Smith Barney to pay $6.5 mln on allegations of compromising customer data
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: 1 min

Technology category · November 16, 2023 · 10:29 AM UTCSingapore Telecommunications (SingTel) , the parent of Australian telecoms provider Optus, said on Thursday a fault in Optus' safety mechanisms, and not a routine software upgrade triggered by SingTel, led to the 12-hour long outage last week.

Persons: SingTel Organizations: Singapore Telecommunications, Optus

☆ Singtel-owned Optus says massive Australia outage was after software upgrade
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, Nov 13 (Reuters) - Australian telecoms provider Optus said on Monday that a massive outage which effectively cut off 40% of the country's population and triggered a political firestorm was caused by "changes to routing information" after a "routine software upgrade". Optus said in a statement that an initial investigation found the company's network was affected by "changes to routing information from an international peering network" early that morning, "following a routine software upgrade". "These routing information changes propagated through multiple layers in our network and exceeded preset safety levels on key routers which could not handle these," the company said. "This resulted in those routers disconnecting from the Optus IP Core network to protect themselves." The company added that it had "made changes to the network to address this issue so that it cannot occur again".

Persons: telco, Byron Kaye, Christopher Cushing Organizations: SYDNEY, Optus, Singapore Telecommunications, Thomson Locations: Australian, Australia

☆ SingTel profit jumps 83% in first half on Indonesia gain
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

A Singtel booth is pictured at the Money 20/20 Asia Fintech Trade Show in Singapore March 21, 2019. Telkomsel, the Indonesian associate of Southeast Asia's largest telecom firm, had agreed to merge with its parent's IndiHome broadband arm in an effort to expand into Indonesia's fixed broadband market. SingTel owns a 29.6% stake in the enlarged integrated mobile and fixed broadband company. SingTel said its net profit for the six months ended Sept. 30 was S$2.14 billion ($1.58 billion), compared with S$1.17 billion a year earlier. The company declared an interim dividend of 5.2 Singapore cents per share, higher than the 4.6 Singapore cents per share declared a year earlier.

Persons: Anshuman, SingTel, Archishma Iyer, John Biju, Shilpi Majumdar, Shounak Dasgupta, Subhranshu Organizations: Trade, REUTERS, Singapore Telecommunications, Thomson Locations: Asia, Singapore, Indonesian, Southeast, Telkomsel, Bengaluru

☆ SingTel to sell stake in Trustwave for $205 million
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +1 min

A view of Singtel's head office in Singapore May 12, 2016. REUTERS/Edgar Su/File Photo Acquire Licensing RightsOct 2 (Reuters) - Singapore Telecommunications (STEL.SI) on Monday said it entered into an agreement with MC2 Titanium, LLC to sell its stake in cyber security business Trustwave for $205 million. Southeast Asia's largest telecom firm began a strategic review of its 98% interest in Trustwave in 2021 after buying it for $770 million in 2015. The divestment comes after SingTel incurred an impairment charge of S$336 million ($245.92 million) on Trustwave in the second half of 2021. ($1 = 1.3663 Singapore dollars)Reporting by Nausheen Thusoo in Bengaluru; Editing by Lisa Shumaker and Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

Persons: Edgar Su, SingTel, Nausheen, Lisa Shumaker, Cynthia Osterman Organizations: REUTERS, Singapore Telecommunications, MC2, Thomson Locations: Singapore, Trustwave, Bengaluru

☆ Singtel discusses its data center expansion plans
▼ + stars: | 2023-09-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSingtel discusses its data center expansion plansInvestment firm KKR is set to acquire a 20% stake in Singtel's regional data center unit for $807 million. Bill Chang, CEO of Singtel's infrastructure unit, discusses the deal.

Persons: Bill Chang Organizations: Investment, KKR

☆ KKR to acquire stake in SingTel's regional data centre unit for $807 million
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO A man looks out of the window under a Singtel signage at their head office in Singapore February 12, 2015. REUTERS/Edgar Su/File Photo Acquire Licensing RightsSept 18 (Reuters) - Singapore Telecommunications (STEL.SI) said on Monday private equity firm KKR (KKR.N) will acquire a 20% stake in the firm's regional data centre business with an investment commitment of up to S$1.1 billion ($806.87 million). The deal puts the enterprise value of SingTel’s overall regional data centre business at S$5.5 billion ($4.03 billion) and the funds will be used to expand the data centre's business across Southeast Asian markets, including Singapore, Indonesia and Thailand. The transaction is expected to be completed by the fourth quarter of 2023. ($1 = 1.3633 Singapore dollars)Reporting by Navya Mittal in Bengaluru; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Edgar Su, David Luboff, Navya Mittal, Muralikumar Organizations: REUTERS, Singapore Telecommunications, KKR, Thomson Locations: Singapore, Indonesia, Thailand, Asia, Pacific, Bengaluru

☆ SingTel Q1 profit slumps 23% on unfavourable currency move, high costs
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Edgar Su/File Photo Acquire Licensing RightsAug 21 (Reuters) - Singapore Telecommunications (STEL.SI) reported on Monday a 23% decline in first-quarter net profit, citing the one-off impact at Bharti Airtel (BRTI.NS) in Nigeria as the naira depreciated sharply against the U.S. dollar, as well as high costs. Singapore Telecommunications (SingTel), Southeast Asia's largest telecoms company, owns an effective 29.5% stake in India's Bharti Airtel. SingTel said in a statement net profit for the quarter ended June 30 was S$483 million ($355.91 million), compared with S$628 million a year earlier. On an underlying basis, net profit for the quarter gained 14.5% to S$571 million. SingTel also recorded a 2.7% decline in its first-quarter operating revenue to S$3.49 billion, hurt by currency exchange headwinds and competition.

Persons: Edgar Su, SingTel, Yuen Kuan, Sameer Manekar, Upasana Singh, Muralikumar Organizations: REUTERS, Singapore Telecommunications, Bharti Airtel, U.S ., Optus, Thomson Locations: Singapore, Nigeria, Nigerian, Australia, Bengaluru

☆ The founder of fallen adtech startup MediaMath is trying to buy back the bankrupt company's assets
▼ + stars: | 2023-07-27 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +4 min

MediaMath Cofounder and CEO Joe Zawadzki is assembling a syndicate to buy back the company. MediaMath cofounder Joe Zawadzki is looking to assemble a syndicate of adtech industry investors to attempt to buy back the company's assets at its upcoming bankruptcy auction, according to people familiar with the matter. Former employees and industry observers have said Zawadzki's MediaMath was also ahead of its time developing tools to demystify how digital ad dollars were being spent. MediaMath's supply chain optimization assets could become the backbone of FxM's "SCF+" supply chain financing product, the adtech industry sources suggested. Zawadzki is also a general partner at the venture capital firm AperiamVentures, which has invested in dozens of adtech startups.

Persons: Joe Zawadzki, MediaMath, Zawadzki, Joe, Zawadzki's, —, Neil Nguyen, MGI, hadn't Organizations: IBM, Bain Capital, Google, Media, Games Locations: MediaMath, Delaware, —, AperiamVentures

☆ Former adtech unicorn MediaMath nearly saved itself from bankruptcy. Then its last hope vanished.
▼ + stars: | 2023-07-06 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +15 min

The adtech company held panel sessions and meetings at the "MediaMath Penthouse." But behind the scenes, MediaMath CEO Neil Nguyen had barely been sleeping, according to three people familiar with the matter. "We collectively believed as a company, board, and advisors that we had a deal in hand," the statement continued. When advertisers or agencies buy ads through a platform like MediaMath, the adtech company must pay publishers immediately for their ad space. But the adtech company must wait — often 90 days or more — to be paid by the advertiser or agency.

Persons: MediaMath, Goldman Sachs, MediaMath execs, Neil Nguyen, Nguyen, Olivier Anrigo, Xandr, Joe Zawadzki, Ernest Hemingway, Searchlight wasn't, Neil, Houlihan Lokey, Zeta, Viant, Chris Vanderhook, Tim Vanderhook, Frederick M, Brown, MGI, Lionel Hahn, Remco Westermann, Gary Hershorn, MGI's, Westermann, they'll, Zawadzki, he'd Organizations: Cannes Lions, Cannes, Goldman, Searchlight Capital, Carlton Hotel, Google, IBM, Bain Capital —, Aperiam, Searchlight, Silicon, Zeta Global, Media, Games Invest, Verve, MGI's Verve Group, Getty, Verve Group, Trade, World Trade, Trade Center Locations: France, Cannes, hobnobbing, Delaware, Japan, Manhattan, New York City, MediaMath, AperiamVentures

☆ Here are the top 15 companies to work for in Singapore, according to LinkedIn — most are new on the list
▼ + stars: | 2023-04-18 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +4 min

The list of top companies in Singapore sees a huge reshuffle this year, which is a testament to "Singapore's strong business ecosystem," according to LinkedIn. LinkedIn has released its annual list of top companies in Singapore to work for — and banking and information technology companies dominated the 2023 list. The list of top companies also saw a huge reshuffle this year, which is a testament to "Singapore's strong business ecosystem," according to the professional networking platform. The banking and finance sector in particular, saw 4 companies in the top 5 on the "LinkedIn Top Companies 2023″ for Singapore. It provides financial products and banking services to individuals, corporations, governments, investors and institutions.

☆ Exclusive: China plans $500 million subsea internet cable to rival US-backed project
▼ + stars: | 2023-04-06 | by ( Joe Brock | ) www.reuters.com time to read: +10 min

China's three main carriers – China Telecommunications Corporation (China Telecom), China Mobile Limited and China United Network Communications Group Co Ltd(China Unicom) – are mapping out one of the world’s most advanced and far-reaching subsea cable networks, according to the four people, who have direct knowledge of the plan. They said HMN Tech, which is majority-owned by Shanghai-listed Hengtong Optic-Electric Co Ltd, would receive subsidies from the Chinese state to build the cable. China Mobile, China Telecom, China Unicom, HMN Tech, and Hengtong did not respond to requests for comment. The consortium on the SeaMeWe-6 cable – which originally had included China Mobile, China Telecom, China Unicom and telecom carriers from several other nations – initially picked HMN Tech to build that cable. China Telecom and China Mobile pulled out of the project after SubCom won the contract last year and, along with China Unicom, began planning the EMA cable, the four people involved said.

☆ Exclusive: China plans $500 mln subsea internet cable to rival U.S.-backed project
▼ + stars: | 2023-04-06 | by ( Joe Brock | ) www.reuters.com time to read: +10 min

China's three main carriers – China Telecommunications Corporation (China Telecom), China Mobile Limited and China United Network Communications Group Co Ltd(China Unicom) – are mapping out one of the world’s most advanced and far-reaching subsea cable networks, according to the four people, who have direct knowledge of the plan. They said HMN Tech, which is majority-owned by Shanghai-listed Hengtong Optic-Electric Co Ltd, would receive subsidies from the Chinese state to build the cable. China Mobile, China Telecom, China Unicom, HMN Tech, Hengtong and China’s Foreign Ministry did not respond to requests for comment. The consortium on the SeaMeWe-6 cable – which originally had included China Mobile, China Telecom, China Unicom and telecom carriers from several other nations – initially picked HMN Tech to build that cable. China Telecom and China Mobile pulled out of the project after SubCom won the contract last year and, along with China Unicom, began planning the EMA cable, the four people involved said.

☆ U.S. and China wage war beneath the waves – over internet cables
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +28 min

Three of China’s state-owned carriers – China Telecommunications Corporation (China Telecom), China Mobile Limited and China United Network Communications Group Co Ltd (China Unicom) – had committed funding as members of the consortium, which also included U.S.-based Microsoft Corp and French telecom firm Orange SA, according to six people involved in the deal. China Telecom, China Mobile, China Unicom and Orange did not respond to requests for comment. China Telecom, China Mobile and China Unicom were resolutely behind HMN Tech, which had come in with a bid of around $500 million. China Telecom and China Mobile threatened to walk off the project, taking tens of millions of dollars of investment with them. Among them is China Telecom, which had previously won authorization to provide services in the United States.

☆ Sea Group's digital bank launches in Singapore to a select group of individuals
▼ + stars: | 2023-03-15 | by ( Sheila Chiang | ) www.cnbc.com time to read: +1 min

MariBank, Singapore tech giant Sea Group's digital bank, has launched in Singapore to select members of the public as it rolls out its services progressively. Singapore tech giant Sea Group has launched its digital banking services to select members of the public. "We are rolling out our services progressively on an invite-only basis," MariBank said on its new website that was launched on Tuesday. It is the latest online lender to join a slew of others in Singapore since the city-state issued four digital bank licenses in December 2020. MariBank has been rolling out its services progressively the third quarter of 2022, and was previously only available to employees of Sea Group.

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