Tech startups to get regional boost
SingTel Group on Wednesday unveiled Innov8 Sparks, a program that will help technology startups across Asia-Pacific gain access to new markets.
SingTel Group on Wednesday unveiled Innov8 Sparks, a program that will help technology startups across Asia-Pacific gain access to new markets.
Optus Business and SingTel have signed a $530 million agreement to provide telcommunications and managed services to the ANZ Bank.
An 8,900 kilometer undersea fiber cable system in Asia, backed by a consortium including Google, China Telecom, NEC and a host of local telecommunications companies, went live Thursday.
Optus has completed a business restructuring that integrates Optus Business with Alphawest and SingTel subsidiary NCS. The groups, which serve enterprise and government customers, previously operated separately.
Optus has shed 305 staff over the three months to 31 December, 2012, SingTel announced today.
SingTel and Optus announced a second round of funding for Australian startups under the companies’ Innov8 seed program.
Operating revenue at Optus has dropped 4.2 per cent ($98 million) to $2.24 billion on the back of a slowdown in its mobile business for the second quarter ending 30 September 2012.
Optus’ start-up program has made its first investment in two Melbourne-based start-up companies – 121cast and Venuemob.
On Monday, Seven Group Limited saw a four-month high after announcing plans to sell its wireless unit, vividwireless, for A$230 million ($248 million). The company's share price closed up 5.7 percent to A$8.56, a level last seen on Oct. 11.
It was 20 years ago on November 19, 1991, when Optus was granted its carrier licence. Since then, the telecommunications company has survived many ups and downs.
Optus parent SingTel (ASX:SGT) has priced convertible notes worth over $200m, days after arranging credit facilities approaching $3b
Optus and parent company SingTel [[xref:http://www.cfoworld.com.au/articles/tag/ASX:SGT|(ASX:SGT)|CFOWorld]] have together secured credit facilities with international banks totalling S$3.7 billion ($2.58 billion).
Optus and parent SingTel have secured credit facilities from banks including ANZ, CBA and Westpac amounting to S$3.7b ($2.58b)
Transol (ASX:TNC) has bought a 13% stake in data storage distributor Digistore International, and signed a new digital music distribution deal
SingTel, (ASX:SGT), the parent company of Optus, has revealed it has priced around $593.5 million worth of notes in a heavily oversubscribed issue