BT consortium wins fixed and mobile licences in Singapore

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Bangkok--Apr 24--BT BT (British Telecom), in a consortium comprising Nippon Telegraph and Telephone Corporation (NTT) of Japan, Singapore Technologies Telemedia, and Singapore Power, yesterday (April 23) was awarded a fixed and a mobile telecommunication licence by the Singapore government. Under the terms of the licence, the company will begin services on April 1, 2000. Sir Peter Bonfield, BT's Chief Executive, said: "BT is delighted with the news. It endorses what we have believed all along - that BT and its partners have put together the best mix of skills, experience and technology to meet Singapore's needs.” "The consortium has won both fixed and mobile licences. This means for the first time in Singapore customers will have a real choice in who provides services to their homes and businesses, including international direct dial services." "BT and its partners will be able to contribute substantially to the further development of Singapore as a communications hub." BT is one of the most successful private telecommunications companies in the world, providing a variety of public and private voice, data, image and mobile services as well as consumer and business products. It is the largest private sector company in the United Kingdom and the second largest in Europe. BT’s turnover in 1997 worldwide was US$ 23 billion. For further information, please contact Chris Khoo / Dorien van Boven at Bangkok Public Relations Ltd. Tel : (662) 652 1946-7; 652 0455-6 Fax : (662) 652 1948 . End.

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Thai Union delivers record-high 21.4% gross profit margin,14.3% higher dividend payout, and a lower debt-to-equity ratio

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