For Immediate Release
June 3, 1997
NTT Applies for Pre-Examination For New Carrier Business License in Singapore
Nippon Telegraph and Telephone Corporation (NTT) has recently applied with the Telecommunication Authority of Singapore for pre-examination of its qualifications to bid for a new carrier business license which would enable it to provide basic domestic and international telecommunication services from April 2000 through a consortium formed with Singapore Technologies Telemedia (STT), Singapore Power (SP) and British Telecom (BT).NTT and the three other companies formed the consortium last March to prepare for the pre-examination.
The Singapore government is planning to approve a maximum of two companies to become new providers of basic telecommunication services in a market now monopolized by Singapore Telecom. The Telecommunication Authority has stopped accepting applications. After pre-examining all applicants, the authority will announce the companies approved to participate in the final bidding, as well as the official conditions of the bid, on September 1.
Attachment:
Outline of Consortium Partners
| 1. | Singapore Technologies Telemedia (STT) |
| * | Holding company owned by the government of Singapore and subsidiary of Singapore Technologies (ST), a multinational conglomerate. |
| * | Second-largest telecommunication service company in Singapore, following Singapore Telecom. |
| * | Services: cable TV, Internet, pagers, cellular phones, satellite telecommunications. |
| * | Sales (ST Group): S$2,540 million (190 billion in fiscal 1994; S$1=75). |
| * | Profit after tax in fiscal 1994: S$218 million (16 billion). |
| * | Number of employees (ST Group): 14,500. |
| 2. | Singapore Power (SP) |
| * | Established in October 1995 after the Singapore government organized corporations to deal with the electricity power and piped gas supplies businesses. |
| * | Major services: supply of electricity power and piped gas. |
| * | Sales for 6 months (1 Oct 95 - 31 Mar 96): S$1,279 million (¥96 billion; S$1=¥75). |
| * | Profit after tax for 6 months (1 Oct 95 - 31 Mar 96): S$375 million (28 billion). |
| * | Number of employees: 3,600. |
| 3. | British Telecom (BT) |
| * | Britain's largest telecommunication company for domestic and international services. |
| * | To be merged with MCI of the U.S. in the fall of 1997 to establish a new company. |
| * | Sales in fiscal 1997: 14,935 billion (2,460 billion; 1=165). |
| * | Profit after tax in fiscal 1997: 2,101 billion (300 billion). |
| * | Number of employees: 130,000. |
