21 Jun '11, 3pm

SingTel Singapore aiming to double multimedia, ICT revenues in next 5 years - Channel NewsAsia: via @AddThis

SINGAPORE: SingTel is looking to bite off a larger chunk of the multimedia and infocomm pie. The telco told Channel NewsAsia that it is targeting to boost the Singapore revenue contribution of the sector from 25 per cent to 50 per cent in the next three to five years. Growth is expected to come on the back of applications, which will leverage on Singapore's new high-speed broadband network, the Next Generation Nationwide Broadband Network (NGNBN). Watching TV and surfing the internet on a copper connection can ring in revenues of around S$50 to S$60 per household per month for SingTel. But with applications on the NGNBN, revenues per household can double to around S$100. To capitalise on such opportunities, SingTel is looking to rollout a new application every three to four months. Allen Lew, Singapore CEO of SingTel, said: "The bulk of our investment is primarily in infra...

Full article: http://www.channelnewsasia.com/stories/singaporebusinessn...

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