Singapore Telecom’s plan to divest non-core assets Singapore Post and SingTel Yellow Pages won’t be a simple asset sale.
Potential buyers will have to be approved by the Infocomm Development Authority because ownership of the licences for the two units is not transferable.
Yellow Pages and SingPost each has its own service-based operator (SBO) licence.
Read MoreSingapore Posts postal service SingPost has bought the remaining 29% in dropbox firm First Cube, making it the sole owner of the company. SinPost paid about S$474,000 for the stake and said the acquisition would allow it to integrate First Cubes infrastructure operations into its own business.
Read MoreDrop off services will be provided at local post offices in Singapore under a tie-up between Singapore Post and FedEx Express. The tie-up was initiated in view of growing demand for express courier service from small- and mid-sized companies in the republic.
Read MoreSingapore Telecom may soon float its postal arm Singapore Post – in what could be the biggest local public float in recent times after port operator PSA Corporation and Singapore Power decided to delay their listings.
SingTel will conduct a beauty parade tomorrow for advisers on strategic options and the planned divestiture and listing of SingPost, which according to one investment banker is one of the world’s most profitable postal services.
Singapore Post and its joint venture partner Cisco Computer Security have put th year-old ID.Safe Pte digital certificate operation to sleep.
Apparently, the ambitious venture, whose goal was to certify, verify and authent electronic transactions, has proven to be a commercial failure.
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