SingTel Group signs agreements for S$3.7 billion of credit facilities with international banks - SingTel

SingTel Group signs agreements for S$3.7 billion of credit facilities with international banks

Singapore Telecommunications Limited (SingTel) today announced its subsidiaries entered into agreements for total credit facilities of approximately S$3.7 billion for general corporate purposes and to refinance existing facilities.

In Singapore, SingTel’s SingTel Group Treasury Pte Ltd., signed the agreement for a three-year S$2.16 billion committed revolving credit facility with 12 banks, comprising Australia and New Zealand Banking Group Limited, Bank of America, N.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citibank N.A., Deutsche Bank AG, DBS Bank Ltd., The Hongkong and Shanghai Banking Corporation Limited, Mizuho Corporate Bank, Ltd., Oversea-Chinese Banking Corporation Limited, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and United Overseas Bank Limited. This facility is guaranteed by SingTel.

In Australia, Optus Finance Pty Ltd, a subsidiary of SingTel Optus Pty Limited (Optus), signed a three-year A$1.2 billion committed revolving facility agreement with 12 banks, comprising Australia and New Zealand Banking Group Limited, Bank of America, N.A., Barclays Bank PLC, The Bank of Tokyo-Mitsubishi UFJ, Ltd., BNP Paribas, Citibank, N.A., Sydney Branch, Commonwealth Bank of Australia, The HongKong and Shanghai Banking Corporation, Sydney Branch, JP Morgan Chase Bank, NA., Mizuho Corporate Bank, Ltd., Oversea-Chinese Banking Corporation Limited and Westpac Banking Corporation. This facility is guaranteed by Optus and certain of its subsidiaries.

Ms Jeann Low, SingTel’s Group Chief Financial Officer, said: “The SingTel Group appreciates and is very pleased with the level of support from our bankers, both in Singapore and Australia.”

DoT bats for BSNL, C-DOT & ITI synergy

DoT bats for BSNL, C-DOT & ITI synergy

The Indian state is looking at merging its ailing tech firms into one bigger organisation to benefit from increased coverage and the sharing of resources. The state owns both MTNL and BSNL which compete in an MNO sector which benefits from major globe inputs from Vodafone, Maxis, Singtel, Etisalat and other huge mobile firms.

With some 86m subscribers BSNL is not a duff opertion, and with the merging of MTNL the 2 would have over 90m subscribers. This makes the state the 4th place MNO in a market of 15 (14 if you merge the state) active MNOs.

...having said that, when we tried to access the BSNL website today it would not load.

Telstra CFO John Stanhope to retire

Telstra CFO John Stanhope to retire

Telstra today announced that Chief Financial Officer, John Stanhope, will retire on 30 December 2011.

DOCOMO to Become Japan’s First Mobile Operator to Offer Phone-to-Phone Service for Overseas Mobile Remittances

DOCOMO to Become Japan’s First Mobile Operator to Offer Phone-to-Phone Service for Overseas Mobile Remittances

NTT DOCOMO, INC. announced today that it will become Japan’s first mobile operator to offer a convenient mobile service for overseas remittances, including phone-to-phone money transfers to the Philippines, when it launches “docomo Money Transfer™” on July 7.

Remittances to the Philippines will be possible from i-mode™-compatible DOCOMO phones to SMART Money, a reloadable payment card operated by Smart Communications, Inc., a subsidiary of DOCOMO partner Philippine Long Distance Telephone Company (PLDT). Beneficiaries will be able to confirm receipt promptly by accessing their SMART Money card via a Smart mobile phone.

Vodafone Fiji - Water Bill through M-PAiSA

Vodafone Fiji - Water Bill through M-PAiSA

If you are one of those many people who forget to pay their water bills on time, this may just be the service for you. Vodafone in partnership with Water Authority of Fiji have now opened up the M-PAiSA bill pay service for WAF clients to pay their water bills directly from their mobile phones.

The Acting CEO of WAF, Mr. Opetaia Ravai said, “WAF is owed a substantial amount in unpaid bills. This has a ripple on effect on ability to deliver this very essential service and basic need to the people of Fiji. We realize that the longer a bill remains uncollected the less likely chance of it being collected as people have competing financial obligations which they need to fulfil. We also realise that convenience is key factor in timely collections. Our decision to open up Vodafone’s M-PAiSA is to allow our clients a convenient payment option to pay their bills on time. Mobile phones seem to be a man’s best friend accompanying him everywhere he goes. Therefore, it makes sense for WAF to capitalize on these gadgets capabilities to assist in our bill payments.”