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- Feb 17, 2009
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hay days over for telco industry, i have said this before and that was last year. finally, someone is selling their stake in starhub. this spells trouble ahead for temasek's hefty investment in singtel, starhub and M1. Telco industry is a sun setting industry, just look at hutchison whampoa and richard li's PCCW, all sheding blood.
A Qatari company just gave Singapore's state investor a solid clue about what to do with its outsize holdings of the island's telcos: sell, and run.Ooredoo QSC, the Doha-based phone carrier, is working with HSBC to find a buyer for its indirect stake of about 14 percent in Singapore's StarHub, Bloomberg News reported this week.
Temasek indirectly owns 42 percent of StarHub. On top of that, it directly controls 51 percent of rival SingTel. There's more. Temasek also holds 16 percent of Singapore rig-builder Keppel, which owns 19 percent of M1, the smallest of the city-state's three telcos. The three investments amount to direct and indirect ownership of almost S$38 billion ($28.1 billion) of market value, a huge exposure to a fading industry.
http://www.bloomberg.com/gadfly/art...-for-temasek-to-hang-up-on-singapore-s-telcos
A Qatari company just gave Singapore's state investor a solid clue about what to do with its outsize holdings of the island's telcos: sell, and run.Ooredoo QSC, the Doha-based phone carrier, is working with HSBC to find a buyer for its indirect stake of about 14 percent in Singapore's StarHub, Bloomberg News reported this week.
Temasek indirectly owns 42 percent of StarHub. On top of that, it directly controls 51 percent of rival SingTel. There's more. Temasek also holds 16 percent of Singapore rig-builder Keppel, which owns 19 percent of M1, the smallest of the city-state's three telcos. The three investments amount to direct and indirect ownership of almost S$38 billion ($28.1 billion) of market value, a huge exposure to a fading industry.
http://www.bloomberg.com/gadfly/art...-for-temasek-to-hang-up-on-singapore-s-telcos