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Search resuls for: "SingTel"


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☆ MediaMath seemed destined for a $1B fairy-tale exit. Instead, most early investors got nothing.
  + stars: | 2023-03-01 | by ( Lara O'Reilly | ) www.businessinsider.com   time to read: +19 min
At its Halloween party in 2015, the adtech startup MediaMath seemed on the brink of greatness. The machine-learning revolution that took over the financial industry was finally happening in marketing, and many industry insiders considered MediaMath to be the hottest adtech company of the time. "We never came close to consummating such a deal with MediaMath nor entertained the purported valuation," said a representative for Singtel. The Trade Desk, the most comparable independent DSP company to MediaMath, was riding high after its 2016 initial public offering. The quasi-equity agreement was structured to protect Searchlight if MediaMath didn't perform to certain quotas or if things went south financially.
☆ Singapore's digital banks dangle incentives to win new customers — is it sustainable?
  + stars: | 2023-02-21 | by ( Sheila Chiang | ) www.cnbc.com   time to read: +7 min
Singapore's new digital retail banks are offering lower fees, more incentives and waiving minimum account balances to win over customers from traditional banks. Bloomberg | Bloomberg | Getty ImagesSINGAPORE — Digital retail banks in Singapore are pulling out all stops to win new customers. Unlike traditional banks — like DBS , OCBC and UOB — which operate physical branches and automated teller machines, digital banks operate entirely online. Singapore's new digital banksThe city-state gave out four digital bank licenses in December 2020. The other two digital wholesale bank licenses were bagged by Ant Group's ANEXT Bank and Green Link Digital Bank, catering to small-and-medium enterprises and other non-retail segments.
☆ Optus cyber attack: We're working to address cybersecurity concerns, says Singtel
  + stars: | 2022-11-10 | 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 EmailOptus cyber attack: We're working to address cybersecurity concerns, says SingtelYuen Kuan Moon of Singtel, parent company of Australian telecommunications company Optus, says it's working with government agencies to address customer concerns.
☆ Australia flags increased penalties for data breaches following major cyberattacks
  + stars: | 2022-10-22 | by ( ) www.reuters.com   time to read: +2 min
Oct 23 (Reuters) - Australia will introduce laws to parliament to increase penalties for companies subject to major data breaches, Attorney-General Mark Dreyfus said, after high-profile cyberattacks hit millions of Australians in recent weeks. When Australians were asked to hand over personal data to companies, they had a right to expect it would be protected, the attorney-general said. "Significant privacy breaches in recent weeks have shown existing safeguards are inadequate. It's not enough for a penalty for a major data breach to be seen as the cost of doing business," Dreyfus said. "We need better laws to regulate how companies manage the huge amount of data they collect, and bigger penalties to incentivise better behaviour."
☆ Thai telco regulator gives conditional clearance to True, DTAC merger
  + stars: | 2022-10-20 | by ( Chayut Setboonsarng | Andres Gonzalez | ) www.reuters.com   time to read: +2 min
BANGKOK, Oct 20 (Reuters) - Thailand’s telecommunications regulator cleared the merger of the country’s second and third largest mobile operators, True Corporation Pcl (TRUE.BK) and Telenor ASA’s (TEL.OL) Total Access Communication Pcl (DTAC) (DTAC.BK) with conditions. The combined entity will overtake Advanced Info Service Pcl (AIS) (ADVANC.BK), as market leader. True, DTAC and AIS did not immediately respond to requests for commentDTAC is backed by Norwegian firm, Telenor. Thai agri-industrial conglomerate Charoen Pokphand Group holds a 49% stake in True Corp with China Mobile holding 18%, True’s website shows. Register now for FREE unlimited access to Reuters.com RegisterReporting by Chayut Setboonsarng; Editing by Susan Fenton;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.
☆ How Covid prompted Singapore startups to use tech in revolutionizing mental health support
  + stars: | 2022-10-19 | by ( Eric Cheung Will Ripley | Eric Cheung | Will Ripley | ) edition.cnn.com   time to read: +7 min
Mental health as a spectrumChew said he was inspired to try to popularize mental healthcare after battling a panic attack when he was 16 years old. Justin Kim, CEO and co-founder of Ami, another digital mental healthcare start-up based in Singapore and Jakarta, agreed that there’s a need to scale mental health offerings. Alistair Carmichael, an associate partner at McKinsey & Company, said employers will benefit from better mental health in their workforce. “Mental health has long had a stigma across Asia, whereby traditionally we’ve seen it as a clinical issue, a crisis,” he said. “We see mental health just as important as physical health.
☆ Australia, Singapore sign 'green economy' pact
  + stars: | 2022-10-18 | by ( Lewis Jackson | ) www.reuters.com   time to read: +2 min
Prime Minister of Singapore Lee Hsien Loong (left) shakes hands with Australian Prime Minister Anthony Albanese during a meeting at Parliament House in Canberra, Tuesday, October 18, 2022. Prime Minister Lee Hsien Loong is in Australia on a 3-day official visit. Lukas Coch/Pool via REUTERSSYDNEY, Oct 18 (Reuters) - Australia and Singapore agreed on Tuesday on a "green economy" deal to boost cooperation on climate investment, financing and technology. Singapore Prime Minister Lee Hsien Loong told a news conference in Canberra that the agreement would start with initiatives such as developing a list of environmental goods and services that could be given preferential trade treatment. "A project like Sun Cable which has the potential to export clean energy to Singapore is the ultimate win-win," Albanese said.
☆ Singtel's second unit faces cyber attack weeks after Optus data breach
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +1 min
Oct 10 (Reuters) - Singapore Telecommunications Ltd (STEL.SI) said on Monday its unit Dialog faced a cyber attack that potentially affected 1,000 current and former employees and fewer than 20 clients, weeks after a massive data breach at another Australian unit - Optus. Singtel said on Monday the attack on Dialog, an Australia-based information technology services consulting firm, was first detected on Sept. 10. Register now for FREE unlimited access to Reuters.com RegisterShares of Singtel were down 1.6%, as at 0315 GMT. The Singapore-based telecom firm assured that Dialog's systems were completely independent of Optus and information technology unit NCS, and that there was no evidence of any link between the incidents of data breaches at Dialog and Optus. ($1 = 1.5733 Australian dollars)Register now for FREE unlimited access to Reuters.com RegisterReporting by Sameer Manekar in Bengaluru; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
☆ Australia tells SingTel-owned Optus to pay cost of replacing hacked ID documents
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterAn Optus representative was not immediately available to respond to Jones's comments. Optus has apologised for the breach and said it would pay for the most affected customers to receive credit monitoring for a year. Optus and law enforcement authorities have not verified the demand, although cybersecurity experts say it was most likely authentic. The stolen data included passport numbers, drivers licence numbers, government health insurance numbers, phone numbers and home addresses, prompting commentators and lawmakers to demand replacement documents. 3 internet provider TPG Telecom Ltd (TPG.AX), which has about 6 million customers.
☆ Electronic Arts won’t be a multiplayer M&A game
  + stars: | 2022-08-26 | by ( ) www.reuters.com   time to read: +1 min
NEW YORK, Aug 26 (Reuters Breakingviews) - Electronic Arts (EA.O) is a tempting target but finding the right players might be harder to master. On Friday, CNBC reported that Amazon.com (AMZN.O) is not expected to make a bid for the video-game maker read more , knocking down an earlier report about a potential deal. Still, it’s not hard to see why the publisher behind the FIFA franchise could be in play. Microsoft’s $69 billion move for Activision Blizzard (ATVI.O) bodes well for EA read more . On the same multiple applying estimated EBITDA for the fiscal year ending March, it would imply that EA is worth over $50 billion.
☆ Amazon’s green drive clips venture capital coupons
  + stars: | 2022-08-25 | by ( ) www.reuters.com   time to read: +2 min
Nine million of those are already well in the money, helped by the 5% jump in Plug Power’s share price. Plug Power, meanwhile, can scale production and potentially attract others. Plug Power’s stock is up 10-fold since then. Yet Plug Power’s revenue from Amazon equalled negative $310 million in 2020 read more , due to the way it accounts for the accompanying warrants. Besides, analysts expect Plug Power to burn over $1 billion of cash this year, according to Refinitiv.
☆ Peloton investors gear up for a volatile ride
  + stars: | 2022-08-25 | by ( ) www.reuters.com   time to read: +2 min
TORONTO, Aug 25 (Reuters Breakingviews) - Investors in Peloton Interactive (PTON.O) hardly ever know what kind of workout they’ve signed up for. Shares in the exercise-bike maker sank over 18% on Thursday morning after it posted a $1.2 billion net loss for the three months to June, about four times the deficit for the same period of 2021. The slide wiped out an equivalent percentage gain a day earlier after Peloton said it would begin selling its bikes and other accessories on Amazon.com (AMZN.O) in the United States. McCarthy isn’t sitting idle — roughly a third of the company’s quarterly loss was due to restructuring charges. Thursday’s slide shrinks Peloton’s enterprise value to just over $3 billion, after deducting roughly $500 million in net cash.
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