SingTel’s Asian expansion campaign marches into Bangladesh

3 Jun 2005

Singapore Telecom (SingTel) has purchased a 45% stake in the third largest wireless operator in Bangladesh, CDMA provider Pacific Bangladesh Telecom (PBT). The telco’s USD118 million acquisition includes a call option to increase its stake to 60% for an additional USD65 million, exercisable in 2007 (between 1 April and 30 June). The move forms part of SingTel’s wider expansion drive in southern Asia. Earlier this month it reported that it had increased its stake in India’s Bharti Tele-Ventures to 30.84%, and it is currently bidding for a 26% stake in Pakistan Telecommunications Company Ltd. The company has invested around USD20 billion in the last few years to purchase stakes in Asian telecoms companies; it is listed as Asia’s fifth largest telco by market value.

Bangladesh,PBTL (CityCell), Singtel Group,



Have feedback, corrections, or story ideas? Send them to

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


Visit our help page information on performing advanced searches, including how to restrict the results by country or company.


CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.