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Singtel

Singtel

SingaporeOther>1000 EmployeesTelecommunications

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News

Data transformation startup Prophecy lands $35M investment

Prophecy, a low-code development platform for companies to transform their data, today announced that it raised $35 million in a Series B funding round led by Insight Partners and SignalFire, with participation from J.P. Morgan, Singtel Innov8, Databricks Ventures and Dallas Venture Capital. The new cash, which brings Prophecy’s total capital raised to $67 million, will be put toward scaling the Prophecy platform and customer acquisition efforts, co-founder and CEO Raj Bains told TechCrunch in an email interview. “The pandemic and economic slowdown had temporary slowdowns in buying software that lasted a couple of quarters each,” Bains said. “However, enterprise spend has held, and Prophecy is doubling revenue every two quarters despite these slowdowns — putting us in a very strong position.” Bains launched Prophecy after stints at Microsoft and Nvidia, where he worked on optimizing hardware performance and building the software infrastructure necessary to run AI compute workloads. After graduating to product manager of Apache Hive, an open source system for summarizing and analyzing data and querying data structures, Bains came to believe that the platforms on the market to transform data weren’t adequate for today’s AI and analytics projects. “Data transformation has been identified as a bottleneck for two decades now,” Bains said. “Some organizations have tried to move to a code-only approach and hit a different set of challenges — most importantly, that data analysts and other non-coders can no longer serve themselves.” He might have a point. According to a 2021 survey from Wakefield Research, revenue and decision-making often suffers when enterprises build their own data pipelines. Companies responding to the poll report a median of 12 data engineers who spend 44% of their time on data engineering at an average cost at $520,000 — a significant capital and human resource investment by any measure. A separate survey — this one from cloud analytics software vendor Matillion — found that data teams are overextending themselves to meet business demands. Eighty-four percent of data engineers responding to the poll described the volume of their workload as exceeding their capacity, while 34% said that it takes close to — or over half — of their workday to integrate, collect and transform data per project. Prophecy’s solution is what Bains calls “visual development” combined with code. The platform provides a drag-and-drop interface that customers can use to build code-based data pipelines with reliability guarantees, as well as what Prophecy refers to as “packages” — reusable components containing business and operational logic plus code. Prophecy leverages code and automation to make building data pipelines simpler. Image Credits: Prophecy Prophecy, which is available as a fully managed cloud or on-premises service, also offers a tool, Data Copilot, that leverages large language models and an organization-specific knowledge graph to facilitate data transformations. Data Copilot builds data transformation pipelines from natural language prompts that describe a desired data transformation, eliminating the need to build them with code or the drag-and-drop editor. (Think OpenAI’s ChatGPT, but for generating data pipelines.) “Enterprise data has a productivity problem — not enough data users are enabled to ship trusted data for analytics and AI,” Bains said. “Prophecy enables self-service data transformation for a broader class of users, especially non-coding data teams in the lines of business. The platform turns visual pipelines into open source code including PySpark, Scala or SQL, ensuring customers are never locked in and enabling best software practices through code.” Prophecy has rivals in Coalesce, which offers data transformation tools geared mainly toward enterprise customers; Informatica and Talend; and Incorta and Etleap. Fortunately, there’s plenty of cash to go around in the market for data integration. Grand View Research predicts that the segment, which was worth $11.91 billion in 2022, will grow 12.3% from 2023 to 2030. Bains claims that Prophecy, which has around 100 employees, is used by “thousands” of users across “multiple” Fortune 500 companies today, including banks, healthcare providers and tech vendors. Revenue has grown 400% year-over-year since Prophecy’s Series A in January. “Most customers start with buying software licenses for hundreds of thousands of dollars, and the largest customers are over a million dollars,” Bains said. “Prophecy helps put analytics- and AI-ready data into more hands, more quickly — speeding time to value and data-driven decision making. These are all advantages chief data officers typically care about.” As a part of the latest investment, former Hortonworks president Herb Cunitz will join Prophecy as a board member and J.P. Morgan managing director Elena Zislin will join as a board observer.

Publish Date : 2023-10-11

Singtel launches unified solution for network modernisation

Singtel has introduced "Singtel CUBΣ” - a collection of tools and services which embraces the NaaS (network-as-a-service) model, making it easier for businesses to subscribe to and manage network services and vendors through a single online portal. The product offers customers insights into metrics like network utilisation, workload performance, and sustainability metrics, and helps make informed decisions about network resources. According to Singtel, enterprises can use features like proactive user experience monitoring, incident automation, and artificial intelligence (AI) driven predictive analytics to respond to incidents faster. Singtel's Singapore managing director of enterprise, Lim Seng Kong, said as enterprises embark on the digital transformation journey, there is a need for a unified solution that makes it easier to manage and orchestrate edge-to-cloud connectivity services. With Singtel CUBΣ, customers can review and scale up network services rapidly and dynamically, in minutes, through a single touchpoint. This NaaS approach to enterprise networking will set the foundation for future innovation opportunities as enterprises seek to build a robust and effective digital infrastructure, he added. CUBΣ gives enterprises control to coordinate and scale services including cloud-based network solutions, Liquid XTM, SD-WAN (software-defined wide area network) and managed network services, including multi-vendor ecosystems, from a single portal. IDC Asia/Pacific’s telecommunications research director, Nikhil Batra, said that based on conversions with enterprises across industries, consumption-based NaaS and platform-based SDN (software-defined network services) have become vital for digital transformation. Singtel added that the NaaS model offers on-demand usage-based pricing which reduces upfront capex costs – leading to efficiency and cost-savings as enterprises pay only for what the need is. Surbana Jurong, a Singaporean government-owned consultancy company focusing on infrastructure and urban development has adopted Singtel CUBΣ. The companiy's director of infrastructure and office systems, Group IT, Gareth Packwood, said that the deployment of Singtel’s Global Internet and managed SD-WAN services, has strengthened digital infrastructure, and realise smart city goals and ambitions.

Publish Date : 2023-10-11

Unified Suite of Services to Accelerate Digital Infrastructure Transformation Launched by Singtel

Singtel today announced the launch of Singtel CUBΣ, a unified suite of network solutions and services that will modernise the digital network infrastructure of enterprises so they can work smarter, more efficiently and cost effectively. Adopting a Network-as-a-Service (NaaS) approach, Singtel CUBΣ makes it easier for enterprises to subscribe and manage desired services and multiple vendors as well as gain insights on network utilisation, workload performance and sustainability metrics via a single sign-on digital portal. Enterprises can also use features like proactive user experience monitoring, incident automation, and artificial intelligence (AI)-driven predictive analytics to respond to incidents faster. Mr Lim Seng Kong, Managing Director, Enterprise, Singtel Singapore, said, “Digital infrastructure flexibility and agility is imperative for enterprises. As more enterprises embark on their digital transformation journey, there is a greater need for a well architected and unified solution that makes it easier for them to manage and orchestrate their edge-to-cloud connectivity services. With Singtel CUBΣ, our customers can seamlessly access an ecosystem of best-in-class solutions and providers, review and scale up their network services rapidly and dynamically, in a matter of minutes, through a single touchpoint. This NaaS approach to enterprise networking will set the right foundation for future innovation opportunities as enterprises seek to build a more robust and effective digital infrastructure.” According to IDC’s report on Network as a Service, 80% of decision-makers worldwide recognise that digital infrastructure is essential or mission-critical to achieving business goals by providing the necessary support systems for digital businesses to operate efficiently and effectively. The report also states that the successful use of technologies and partners will save enterprises up to 15% in operational costs as they look to fill skills gaps and plan for deployment of technologies as businesses adapt to the new digital economy. Mr Nikhil Batra, Research Director, Telecommunication, IDC Asia/Pacific said, “Based on research and in-depth conversions with enterprises across diverse industries, we see consumption-based Network[1]as-a-service (NaaS) and platform-based Software-Defined Network services (SDN) vital for digital transformation. Singtel, positioned in the Leaders category in the 2023 IDC MarketScape for Asia/Pacific Communications Service Provider Secure Virtual Network Services, demonstrates their adaptability and commitment to meeting evolving enterprise needs by introducing CUBΣ.” Enabling seamless orchestration and management of services Singtel CUBΣ gives enterprises greater control to coordinate and scale services such as cloud-based network solution, Liquid XTM, Software-Defined Wide Area Network (SD WAN) and managed network services, including multi-vendor ecosystems, from a single portal. The NaaS model offers on-demand usage-based pricing which reduces upfront capex costs – leading to greater efficiency and cost-savings as enterprises pay only for what they need. Through the easy-to-navigate and intuitive user interface of the portal, enterprises will have visibility of services and insights on all subscribed services, as well as access to self-service tools and centralised management capabilities, making it easier to deploy virtualised networks. Enterprises can also use AI, automation, and predictive analytics to create repeatable workflows to ease the management of multiple domains, enabling faster fault detection, isolation, and service restoration, should incidents arise. Gearing up for an efficient digital infrastructure – a Singtel Customer’s perspective Surbana Jurong's focus on delivering advanced solutions for the creation of sustainable and liveable spaces requires the adoption of new technologies like those offered within Singtel CUBΣ. Mr Gareth Packwood, Director, Infrastructure and Office Systems, Group IT, Surbana Jurong said, “Digital technology is fundamental to every project Surbana Jurong undertakes to drive better outcomes for our clients. Through the deployment of Singtel’s Global Internet and Managed SD-WAN services, we’re able to strengthen our digital infrastructure, and realise our smart city goals and ambitions. We believe that Singtel CUBΣ can drive digital transformation among enterprises to help them achieve greater growth in a digital economy.” To find out more, visit Singtel CUBΣ. About Singtel Singtel is Asia's leading communications technology group, providing a portfolio of services from next[1]generation communication, 5G and technology services to infotainment to both consumers and businesses. The Group has presence in Asia, Australia and Africa and reaches over 770 million mobile customers in 21 countries. Its infrastructure and technology services for businesses span 21 countries, with more than 428 direct points of presence in 362 cities. For consumers, Singtel delivers a complete and integrated suite of services, including mobile, broadband and TV. For businesses, Singtel offers a complementary array of workforce mobility solutions, data hosting, cloud, network infrastructure, analytics, and cyber security capabilities. Singtel is dedicated to continuous innovation, harnessing technology to create new and exciting customer experiences and shape a more sustainable, digital future. For more information, visit www.singtel.com.  Follow us on Twitter / X at @SingtelNews.

Publish Date : 2023-10-10

KKR invests S$1.1mn for 20% stake in Singtel's regional data centre business

Singtel and KKR have reached an agreement under which a fund managed by KKR will commit up to S$1.1 billion (€0.76 billion) for a 20% stake in Singtel’s regional data centre business. This investment puts the enterprise value of Singtel’s overall regional data centre business at S$5.5 billion (€3.80 billion). KKR will have the option to increase its stake to 25% by 2027 at the pre-agreed valuation. The collaboration is between Singtel and KKR, and enables Singtel to tap on KKR’s skills investing in data centres and critical telecommunication infrastructure globally in addition to capital. The proceeds from this transaction will be used to accelerate the expansion of the regional data centre business across ASEAN markets, including Singapore, Indonesia and Thailand, while exploring markets like Malaysia and others. This will widen the business’ planned choices, giving a variety of options to monetise in the future.Singtel’s regional data centre business is part of the Digital InfraCo unit which was formed in June 2023. Singtel has been growing this business anchored by its skills in Singapore where it is one of the largest operators. In addition to 62MW of existing capacity in Singapore, Singtel is building a new 58MW DC Tuas in Singapore and has also partnered Telkom and Medco Power in Indonesia and GULF and AIS in Thailand to develop data centres in Batam and Bangkok respectively. The data centre portfolio will deliver a total combined capacity of over 155MW once the three new projects are operational in 2025, with room to scale up to more than 200MW.Bill Chang, CEO of Singtel’s Digital InfraCo, says, “KKR’s investment underscores the quality of our data centre portfolio and confidence in our plans to scale the business by capitalising on the digitalisation and rapid AI adoption that is transforming this region. Our expertise in designing, building and operating data centres, and our connectivity leadership in the region, together with KKR’s strong track record in supporting digital infrastructure assets and its platform-building expertise makes for a powerful combination. We look forward to building on the strong momentum we have achieved to grow the business into one of the region’s leading green and sustainable data centre platforms with rich hyper-connectivity services.”Arthur Lang, group CFO at Singtel, adds, “The data centre industry is growing at an accelerated pace given the unprecedented industry trends we are witnessing. KKR is a highly credible partner in the data centre space and we look forward to our strategic partnership in scaling up the platform to become a meaningful growth engine for Singtel. The investment by KKR crystallises the latent value of our data centre assets and we hope this illuminates value for our shareholders in the coming months. With more than S$6 billion (€4.14 billion) being unlocked since we embarked on our strategic reset two years ago, we continue to focus on unlocking value for our shareholders.”David Luboff, partner and head of Asia Pacific infrastructure, KKR, says, “We are pleased to provide this tailored solution to support the regional data centre platform of Singtel, one of the most longstanding and distinguished corporations in Singapore and a leading digital infrastructure provider in Asia Pacific. Robust digital infrastructure, including high-quality data centres, will play a crucial role in enabling Southeast Asia’s flourishing digital economy, and Singapore is well-placed to serve as a central hub for the region. We look forward to working closely with Bill, Arthur and Singtel’s talented team to meet this tremendous demand, and sharing our global expertise and network to accelerate the platform’s growth across the region.”Southeast Asia’s data centre market is expected to grow by 17% over the next five years compared to 12% for the rest of the world, with US$9 billion (€6.22 billion) to US$13 billion (€8.98 billion) in investments projected to flow into the region. While data centre capacity is poised to increase at a compound annual growth rate of 19% from 2021 to 2026, demand is expected to outpace supply driven by increased data consumption, enterprises transitioning to the cloud and the rapid rise of AI in the region.Malaysia, Indonesia and Thailand could see an increase in capacity with Johor, in particular, benefitting from spill-over demand from Singapore due to the island state’s supply constraints. The growing need to handle high performance computing tasks such as generative AI will also spur a significant growth in GPU (graphics processing unit)-powered data centres in the years to come.KKR is making this investment as part of its Asia infrastructure strategy. This transaction marks KKR’s new investment in Southeast Asia infrastructure and data centre infrastructure globally. KKR’s infrastructure investments in Southeast Asia have included Pinnacle Towers, a digital infrastructure platform in Asia with a focus on the Philippines; First Gen, a provider of clean and renewable power in the Philippines; and Aster Renewable Energy, a renewables platform that develops, builds, and operates solar, wind, and energy storage projects in the region.Worldwide, KKR’s investments in the data centre infrastructure sector have included CyrusOne, a global provider of development and operation of sustainable, scalable, high-availability and flexible data centre solutions; Global Technical Realty, a build-to-suit and roll-up acquisition data centre platform in Europe; and CoolIT Systems, a provider of scalable liquid cooling solutions in Canada.Comment on this article below or via Twitter: @VanillaPlus OR @jcvplus

Publish Date : 2023-09-26

Singtel launches cybersecurity training programme for SMEs

Staff Reporter , Singapore Logo from Singtel The company has tapped Drew & Napier and Blackpanda as partners for the programme. Singtel has launched its Cyber Elevate Programme, aimed to improve the cyber security resilience of small and medium enterprises (SMEs). Through the programme, SMEs can learn how to prepare, detect, respond, and recover from cyber-attacks. The programme also includes an audit of a company’s cyber risk profile, mentorship workshops on the best cyber security practices and legal and forensics support. Since Singtel Cyber Security Institute (CSI) is part of SkillsFuture’s Queen Bee network, SMEs can sign up for the programme at subsidised rates of up to 90%. To further support SMEs in their cyber preparedness journey, Singtel will offer a complimentary one-year cloud backup service.   Join Singapore Business Review community Since you're here... ...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine. We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor. Let us help you drive your business forward with a good partnership!

Publish Date : 2023-09-21

Singtel Sells $807 Million Stake In Southeast Asia Data Center Unit To KKR

Singtel is serving more than 770 million mobile customers in 21 countries.Nicky Loh/Bloomberg Southeast Asia’s largest telecom operator Singapore Telecommunications has agreed to sell a 20% stake in its regional data center business to U.S. private equity giant KKR for S$1.1 billion ($807 million). The deal puts the enterprise value of the Singtel unit at S$5.5 billion, according to a joint statement on Monday. It marks KKR’s largest investment in Southeast Asian infrastructure and data center infrastructure globally. The New York-headquartered investment firm will have the option to raise its stake to 25% by 2027. Singtel said it will use the proceeds to fund the expansion of the regional data center business across Southeast Asia, including Singapore, Indonesia and Thailand, while venturing into new markets such as Malaysia. The two companies said the deal is expected to be closed by the fourth quarter. “The investment by KKR crystallizes the latent value of our data center assets and we hope this illuminates value for our shareholders in the coming months,” Arthur Lang, CFO of Singtel, said in the statement. “With more than S$6 billion being unlocked since we embarked on our strategic reset two years ago, we continue to focus on unlocking value for our shareholders.” Southeast Asia has been a hotbed for infrastructure investment due to the region’s demand for private capital to develop and upgrade telecommunications, transportation, utilities and other infrastructure. Last year, KKR raised more than $4 billion for its latest Asia infrastructure fund, topping the $3.9 billion it raised for its inaugural Asia Pacific fund in 2021. Its investment portfolio in Southeast Asia includes Pinnacle Towers, a leading telecom tower company in the Philippines, and Aster Renewable Energy, a platform that operates solar, wind and energy storage projects in the region. Singtel and KKR said in the statement that they estimated the Southeast Asian data center market will grow by 17% over the next five years, drawing $9 billion to $13 billion of investments during the period. Singtel serves more than 770 million mobile customers in 21 countries, including Singapore, Australia, India, Indonesia, the Philippines, Thailand and in Africa. The company has been seeking to raise capital from divestments to fund the launch of its 5G network. In September last year, Singtel sold a 3.3% stake in Indian mobile carrier Airtel to Bharti Telecom, its joint venture with billionaire Sunil Mittal’s Bharti Enterprises, for S$2.25 billion.

Publish Date : 2023-09-18