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Singtel is also the second-largest company by market capitalisation listed on the Singapore Exchange [11] and is majority owned by Temasek Holdings, the investment arm of the Singapore government. Singtel is an active investor in innovation companies through its Singtel Innov8 subsidiary, founded in 2011 with S$200 million start up capital.
In November 2017, ShopBack revealed it had raised US$25 million, a round led by Japanese finance and credit card company Credit Saison, with participation from Blue Sky, AppWorks, Intouch Holdings, Aetius Capital, 33 Capital, SoftBank Ventures Korea, Singtel Innov8, Qualgro and East Ventures, bringing their total funding to US$40 million. [15]
Singtel TV (formerly known as Singtel IPTV and mio TV) is a pay television service provided by Singtel in Singapore. It is transmitted through Singtel's broadband network via an IPTV platform, which uses Ericsson Mediaroom (originally developed by Microsoft ) as its end-to-end software platform.
Singtel's ADSL service was subsequently rolled out on a nationwide scale in August 2000. In January 2001, the Broadband Media Association was formed to promote the broadband industry. [ 6 ] By April the same year there were six broadband Internet providers, with the total number of broadband users exceeding 300,000.
Established on 3 November 2004, the alliance originally comprised Singapore Telecommunications (SingTel), Bharti Airtel, Globe Telecom, Optus, Telkomsel, Maxis Communications, and Taiwan Mobile, [2] enabling it to gain a foothold in the mobile markets of Singapore, India, the Philippines, Australia, Indonesia, Malaysia and Taiwan.
In 2002, Virgin Mobile in a joint venture with Singtel, set up the fourth telecommunications company in Singapore. It was the first mobile virtual network operator (MVNO) in Singapore. The operations were closed down on 11 October 2002 after failing to attract a significant number of customers.