SINGAPORE TELE ADR
Singapore Telecom (NASDAQOTH: SGAPY.PK), or SingTel, is Asia’s largest multi-market mobile operator with major investments in India, Indonesia, the Philippines, Thailand, Pakistan and Bangladesh. SingTel provides telecommunication services to more than 26 countries and served more than 445 million mobile customers last year. It owns the second largest telco in Australia, Optus, whose satellite division the latest reports have SingTel looking to sell for around $1.9 billion. KKR more »
From looking at the current global mobile network operators, only London-based Vodafone (NASDAQ: VOD) – which also owns 45% of Verizon (NYSE: VZ) – appears to be in a position to challenge Mexico’s America Movil (NYSE AMX) for world domination.
However, Vodafone’s management has been less than inspiring in recent years when the economy and competitors began to play rough. In addition to finding themselves at the tip of the more »
In April Standard & Poor’s downgraded India’s credit rating. This was followed by Fitch in June dropping India from ‘stable’ to ‘negative’. Both agencies gave similar reasons; rampant corruption and lack of reforms. After achieving annual GDP growth of 8.4% in 2011, the economy is likely to grow just 5.4% this year. Indian politicians, including the Finance Minister Pranab Mukherjee, were on the defensive on S&P more »
With all of the uncertainty emanating from the U.S. and Europe over their budgetary and fiscal crises that seem to go on without end, it has become a convenient but not really popular investment thesis to say that capital is moving East and that’s where you should put your money. But, while that statement makes some sense, and being here in Southeast Asia, I was one of the more »