Singtel

SingTel is considering floating a 25 percent stake in its Australian unit, Optus, via an IPO that could raise as much as AUD4 billion (US$3.7 billion), according to a Telegeography report that cites Dow Jones Newswires.

Allen Lew, CEO (Singapore) of SingTel, said in his keynote presentation at the Mobile Asia Congress this morning that his company's AMPed mobile music service is outselling Nokia's Comes With Music service in Singapore by around 4 times.

Asia’s largest multi-market mobile operator SingTel plans to conduct a regional trial of LTE technology in Australia, Indonesia, the Philippines and Singapore in partnership with its subsidiaries Optus, Globe Telecom and Telkomsel.

Singapore-based SingTel has hinted at further acquisitions in fast-growing markets such as Africa after reporting a cautious outlook at its wholly-owned subsidiaries in Singapore (SingTel) and Australia (Optus).

SingTel describes itself as the "largest multi-market operator in Asia" with stakes in eight operators in the region serving some 198 million customers in total.

Singapore operators look to high-speed mobile data services to sustain growth

Apple announced today it sold 2.3 million iPhones in its fiscal first-quarter, a figure the company believes keeps it on track to hit its target of 10 million sales by the end of the fiscal year.