LYCOS RETRIEVER 
Singapore: Singapore Telecom
built 622 days ago
The Singapore location is the fourth telecommunications hub that ICE has established. A European hub was opened last year for Western European customers, a Chicago hub opened in January, and a London hub was opened in March. ICE plans to establish a hub in New York in June. Market participants can use these hubs to access ICE's energy futures and over-the-counter (OTC) markets, and ICE can customize the bandwidth size for their connections, as well as the type of circuits they require to meet their specific data needs.
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In general, Singapore complies with WTO Trade-Related Investment Measures (TRIMS) obligations. However, in a number of past cases the approval of licenses in the facilities-based telecom sector and the retail banking sector has been conditioned on performance requirements or the transfer/development of certain functions to Singapore. The U.S.-Singapore FTA prohibits and removes certain performance-related restrictions on U.S. investors, such as limitations on the number of customer service locations for the retail banking sector.
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Generally speaking, the experiences of internationalization of Singapore Telecom could be summarized as a search for cooperation followed by gradual evolution, and the actual option for operators is to combine the resources from excellent domestic telecom equipment manufacturers. And the same internationalization strategy is a necessity for Chinese telecom operators in the current period, as they can only reach the heights of being a global operator through international competition.
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Voice of America - Asia's largest telecommunications company, Singapore Telecom, reports a nearly six percent rise in profit to $535 million in the three months to June. Singtel Chief Executive Officer Lee Hsien Yang says its overseas telecommunication investments
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Purchasing shares of other operators in target markets helped Singapore Telecom avoid certain policy barriers, reduced access costs and saved time. They entered the target market with shared investments and expanded business gradually. Singapore Telecom has possessed all the shares of Optus, the 2nd largest all business operator in Australia, and holds shares in Belgacom, the largest telecom operator in Belgium; APT Satellite in Hong Kong; Bharti from India; Globe in the Philippines; NewCentury Infocomm from Taiwan; and TelKomsel from Indonesia. It ... shares experience, technology and innovation with partners via strategic investments to give actual help to local operators. For example, Singapore Telecom helped NewCentury Infocomm in Taiwan to launch the service brand ''Su Bo'' that has gained a large market share since its launch.
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