As an active investor with a long-term view, ST Telemedia has a strong track record of stakeholder value creation. Here are highlights of the company's developments to-date.
ST Telemedia Completes Majority Investment in CloudCover
STT completed its investment for a majority stake in CloudCover, a cloud-native service provider with presence in India and Southeast Asia. The move advances STT’s ambition of building a global cloud IT platform as CloudCover deepens STT’s position in Southeast Asia, opens doors to the Indian market, and enhances its cloud IT technological capabilities, cloud service provider coverage, customer universe and partner relationships.
ST Telemedia Takes Majority Stake in 2nd Watch
In November, ST Telemedia completed the acquisition of a majority stake in Seattle-based cloud service provider 2nd Watch. 2nd Watch offers managed cloud services to some of the world’s leading brands, providing strategy consulting, assessments, designs, migrations, security assessments, and management of clients’ IT infrastructure that resides in hybrid cloud environments.
ST Telemedia Increases Stake in Datameer
ST Telemedia increased its stake in Datameer by leading a US$40m funding round to support the company's continued innovation and growth. The funding will help to further extend Datameer's leadership position in the enterprise data preparation and exploration market, serve the ever growing AI market and to accelerate the development and market introduction of the disruptive Neebo solution.
Official launch of LEAP
In March, LEAP, a wholly owned company of ST Telemedia, announced its official entry into the fast-growing artificial intelligence (AI) and Cloud IT market in Asia. The Singapore-based start-up is focused on helping companies in Asia adopt AI-enabled technologies to support cloud enablement and digital transformation.
ST Telemedia Turned 25
ST Telemedia celebrated its silver jubilee with the theme, "Spark Tomorrow Together". The company marked the significant milestone by renewing connections with stakeholders and the community, completing 25 do-good initiatives and launching the STT25 commemorative site.
ST Telemedia Invested in Cloud Comrade
ST Telemedia completed the acquisition of a majority stake in Cloud Comrade, a Singapore-based cloud computing company with presence also in Indonesia and Malaysia.
ST Telemedia Invested in Bespin Global
In January, ST Telemedia led in a new round of funding for Bespin Global, a leading cloud management company which helps enterprise customers in South Korea and China move their legacy IT operations to the cloud, and use cloud effectively to power their digital transformation.
ST Telemedia Invested in Instart Logic
ST Telemedia led in a new round of funding for Instart Logic, the award-winning company which created the cloud-based, artificial intelligence-driven digital experience platform that enables brands to increase their online performance. With the platform, brands are able to deliver faster, safer and more profitable online experiences to customers.
ST Telemedia Invested in Armor, The First Totally Secure Cloud Company™
In April, ST Telemedia invested in Dallas-based Armor, The First Totally Secure Cloud Company™, and becomes a joint lead shareholder with The Stephens Group (TSG).
ST Telemedia Entered Cloud Market with Launch of STT Connect
ST Telemedia established its presence in the cloud market with the launch of a new portfolio company, ST Telemedia Connect (STT Connect) – a private cloud provider focused on delivering high performance compute, storage and network solutions. Built on a secure and enterprise-grade infrastructure endorsed by top industry standards, the company’s web-scale private cloud offering meets the most stringent requirements.
ST Telemedia Established Data Centre Presence in India and Expanded Footprint in Singapore
ST Telemedia, through wholly owned portfolio company STT GDC, acquired a 74% majority stake in Tata Communications’ data centre business in India and Singapore. The investment has added 14 data centre facilities in India and 3 facilities in Singapore to STT GDC's growing platform.
ST Telemedia Refreshed its Corporate Identity and Launched First Brand Extension
ST Telemedia unveiled a refreshed corporate identity (CI) to reflect its strategic direction and expanded business focus. As part of the CI refresh, STT has introduced a new tagline, "Catalysing Growth in a Connected World' and launched the first brand extension in the STT corporate family - ST Telemedia Global Data Centres.
ST Telemedia Invested in Moogsoft
In June, ST Telemedia adds Moogsoft, a leading real-time IT Operation Analytics provider, to its portfolio.
ST Telemedia Invested in IoT-enabler Greenwave Systems
In January, ST Telemedia announced its investment in Greenwave Systems, an award-winning Internet of Things (IoT) software and managed services provider, to its global portfolio.
ST Telemedia Expanded into Emerging Technology with an Investment in Datameer
ST Telemedia invested in Datameer, a big data analytics and visualisation company based in San Francisco, California. The move expands ST Telemedia's capabilities in next-generation platforms, while enabling its portfolio companies to capture potential synergies.
ST Telemedia Partnered StarHub to Develop STT MediaHub
ST Telemedia, through its wholly owned subsidiary STT GDC, announced its strategic partnership with StarHub to develop MediaHub, a highly specialised telecommunications, media and data centre facility located at Mediapolis@one-north in Singapore.
ST Telemedia Entered the UK Data Centre Market with an Investment in VIRTUS
ST Telemedia, through wholly owned portfolio company STT GDC, has completed its investment in VIRTUS Data Centres, UK's fastest growing data centre provider.
ST Telemedia Announced Flagship Data Centre in Singapore
ST Telemedia announced its plan to build a high quality, state-of-the-art flagship data in Singapore and affirmed its data centre ambition to create a distinctive and sustainable global data centre business. The Singapore flagship is held by STT GDC.
ST Telemedia Invested in China's GDS Services; Started ST Telemedia Global Data Centres
ST Telemedia re-entered the data centre sector with an investment in GDS Services in China. The investment was made through STT's newly created, wholly owned portfolio company ST Telemedia Global Data Centres (STT GDC).
ST Telemedia Turned 20
ST Telemedia celebrated its 20th anniversary with the theme "A World of Possibilities". The occasion presented the opportunity to recollect the company’s early beginnings, challenges, and achievements over the past two decades, renew commitment to its core values, and thank all stakeholders for their steadfast support.
ST Telemedia Received Singapore 1000 Net Profit Excellence Award
ST Telemedia was conferred the 2013 Singapore 1000 Net Profit Excellence award (Information & Communications category) by DP Information Group. The Singapore 1000 is an annual ranking on the largest and most successful 1,000 companies in Singapore.
ST Telemedia Moved to a New Location
ST Telemedia has relocated to its new office at Millenia Tower in the Marina Downtown Business District in September.
ST Telemedia Strengthened its Position in U Mobile and Level 3
ST Telemedia strengthened its position in U Mobile and Level 3 with the purchase of additional stakes. ST Telemedia became U Mobile's single largest shareholder.
Global Crossing is Now Level 3 Communications
Level 3 Communications completed its acquisition of Global Crossing. The transaction combined the strengths of both companies to create a premier global communications provider with reach to the U.S., Latin America, Europe, the Middle East, Africa, as well as the Asia Pacific region. ST Telemedia holds approximately 24% stake in Level 3.
ST Telemedia Invested in Philippines' Sky Cable
In May 2011, ST Telemedia completed its investment in Sky Cable Corporation (Sky Cable), Philippines' largest cable company and leading broadband service provider. The transaction gives ST Telemedia approximately 40% economic interest in Sky Cable.
ST Telemedia Invested in Malaysia's U Mobile
In March, ST Telemedia took a 33 percent stake in U Mobile, Malaysia's mobile and broadband service provider.
ST Telemedia Invested in VNPT Global in Vietnam
ST Telemedia invested a 10 percent stake in VNPT Global, the international business unit of Vietnam Mobile Services Company (VMS/MobiFone).
ST Telemedia Established Presence in Cambodia and Lao PDR
Later in 2007, Asia Mobile Holdings acquired a 49% stake in Shenington Investments Pte Ltd, which held interests in Cambodia’s Mfone and Lao Telecommunications Company Limited.
ST Telemedia Welcomed Qatar Telecom (Ooredoo) as a new shareholder of Asia Mobile Holdings
ST Telemedia welcomed Qatar Telecom QSC (now known as Ooredoo) as a new shareholder of Asia Mobile Holdings (AMH) in March. Ooredoo holds an approximate 25% equity stake in AMH. ST Telemedia remains the controlling shareholder with an approximate 75% equity stake in the company.
ST Telemedia Opened Representative Office in Vietnam
In September, ST Telemedia opened our Vietnam Representative Office in Hanoi. We signed a Memorandum of Understanding with Vietnam Posts and Telecommunications Corporation, Vietnam’s leading telecoms operator, to jointly explore the provision of value-added telecommunications services and investment opportunities in Indo-China.
ST Telemedia Received the Singapore 1000 Award for Highest Sales / Turnover Growth
ST Telemedia was recognised at the annual Singapore 1000 for achieving the Highest Sales / Turnover Growth (Communications, Transport and Storage). Recipients of the awards were ranked by credit and business bureau DP Information Group and the ranking was co-produced by Ernst & Young.
Global Crossing Listed on NASDAQ
Global Crossing commenced trading on the NASDAQ National Market under ticker symbol "GLBC" on 14 October.
StarHub raised nearly S$458 million in public listing on 13 October
ST Telemedia turned 10 years old and celebrated with the launch of a commemorative book titled One Enduring Vision.
TeleChoice Listed on Singapore Exchange
TeleChoice commenced trading on the Main Board of the Singapore Stock Exchange in June 2004, following the successful integration of ST Mobile Data and ST SunPage into TeleChoice.
ST Telemedia invested in Global Crossing
ST Telemedia became the majority shareholder of Global Crossing, the world's first integrated global IP-based network, following an investment of US$250 million for a 61.5% equity share in the company.
ST Telemedia Became the Single Largest Shareholder of Equinix
With the completion of the merger of i-STT, Pihana Pacific and Equinix, ST Telemedia became the single largest shareholder of the world’s largest network-neutral Internet exchange services provider, Equinix.
ST Telemedia Made Our First Substantial Stake in a Telecommunications Company in Asia
ST Telemedia completed the purchase of 41.94% stake in Indosat, Indonesia’s second largest mobile phone operator and a leading provider of telecommunications services.
Announced Merger of StarHub and Singapore Cable Vision
We announced the merger of StarHub and Singapore Cable Vision (now known as StarHub Cable Vision).
StarHub Made its Commercial Debut as Singapore’s Third Mobile Phone Operator
StarHub officially launched its operations on 1 April, introducing a number of first-in-market features such as per second billing and free incoming calls.
A Pioneer Move into the Data Centre and Internet Exchange Business
ST Telemedia entered the data centre and Internet exchange business through its wholly owned subsidiary, i-STT Singapore.
Launched TeleChoice International
In 1998, TeleChoice International, regional distributor of telecommunications equipment and provider of integrated communications services, was launched.
StarHub Consortium Awarded Licences to Provide Fixed and Cellular Services in Singapore
The StarHub consortium, comprising ST Telemedia, Singapore Power, Nippon Telegraph and Telephone Corporation (NTT) and British Telecommunications (BT), was awarded both fixed and cellular licences by the Telecommunication Authority of Singapore.
ST Telemedia Launched SunPage, Singapore's First Independent Paging Network Operator
The commercial launch of SunPage marked the start of competition in Singapore's paging services market.
Entered into an Agreement with China Huaneng Group to roll out a GSM Mobile Network
The network was rolled out in Chengdu, the capital of Sichuan Province, one of China's major industrial bases.
Formed Singapore's Second Internet Service Provider with the Debut of Cyberway
Cyberway introduced a few firsts in Singapore such as international roaming, online registration and activation of subscriber services.
Formed ST Advanced Radio to Operate Singapore's First Island-wide Public Digital Trunked Mobile Communications network.
Launched ST Mobile Data, a Provider of Two-way Wireless Data Communications Solutions and Services
Singaporeans had their First Taste of Cable TV with the Launch of Singapore Cable Vision
We rolled out Singapore's first broadband and cable TV network, Singapore Cable Vision (now known as StarHub Cable Vision).
Built a Nationwide Paging Network in China through a Joint Venture with China Unicom
Service officially commenced operations the following year in 10 key cities, including Beijing and Shanghai.
Started ST Teleport, a Full-service Satellite and Broadcasting Solution Provider.
Rolled out the First GSM Network in New Zealand with BellSouth.
ST Telemedia was Incorporated
ST Telemedia was swiftly established as a significant alternative provider of telecommunications services in Singapore and the region. With an aim to be global, we seized opportunities with calculated boldness.