There is a news in CNA this morning (
Here) and the interesting part is the collaboration on Procurement & other business areas. At first I was thinking what kind of synergy singtel can find in portugal as the markets re quite different. Also so far singtel overseas partnerships are mainly based on mobile and what makes our telco to go and partnership in iptv arena. After reading the press release and SingTel announcement I realized that the agreement is not simply on IPTV but it's much more to it.
They will also leverage joint scale and assets in wholesale procurement, leading to potential cost savings. They will also foster joint talent pools, which could result in employee secondment.As part of the agreement, both firms will tap into each other's proven expertise and partnership deals, in areas such as IPTV and FTTH, as well as the mobile and business markets.
Portual Telecom is the largest TELCO and operates mainly in Portugal & Brazil with with significant presence in some african nations & PRC. I can see some similarities between PT & ST which I tabulated below.
Is SingTel going to buy something in Europe again ? We dont know but IMO they should think twice or thrice. Other than Portugal, one lucrative thing is assets in Brazil. Singapore has significant interests in Brazil thanks to Temasek Holdings and TLC's but is it the right time to enter in latin america? Also does SingTel has the experience/expertise to be a global player? we don't know but its really interesting to watch out what will happen.
By the way one final point is I know the justification/rationale to partner with Portugal telecom. Do you know what's their IPTV service called?
IT's "MEO TV"
Now I can see the "synergy" :)
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