SingTel eyes Israeli technology firms
SingTel is reportedly planning to acquire more technology firms in Israel as it continues to position itself further in the ICT space.
In March, SingTel acquired the Israeli mobile advertising solutions firm Amobee for $321 million.
The company’s chief executive, Allen Lew, is reported to have said that the company is interested in making further investments in start-up companies that address major trends in areas such as social networking and smartphone applications.
Earlier this year the company integrated all of its B2B units within the SingTel Business Group, including its Australian subsidiary, Optus Business, and its systems integration arm, NCS. The company said the move was aimed at creating one of the largest ICT service providers in Asia-Pacific and Japan.
In an exclusive interview conducted with Capacity in June, Bill Chang, MD of business at the company, said that these developments had helped establish SingTel as an “ICT powerhouse”.