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Mon, Sep 25, 2006 - Page 10 News List

SingTel's next CEO faces raft of challenges

HANDOVER Analysts have praised the selection of Chua Sock Koong, who will assume the post next year, but warned it will be hard to sustain growth


She maintained SingTel's confidence in the region had not been jolted by a coup against Thai Prime Minister Thaksin Shinawatra last Tuesday because those kind of risks are "something that we are always conscious of when we make investments overseas."

SingTel holds a 21.4 percent stake in Thailand's largest mobile operator, Advanced Info Service, which has a market share of 52 percent.

SingTel, which is majority owned by state-linked investment firm Temasek Holdings, now derives two-thirds of its revenues from outside Singapore thanks to its aggressive expansion in recent years.

Apart from AIS, SingTel's other Asian stakes include Telkomsel in Indonesia, Globe Telecom in the Philippines and India's Bharti Group. In the year to March, the firm recorded a net profit after tax of S$4.16 billion on revenues of S$13.4 billion.

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