Singtel combines Singapore consumer, enterprise businesses; forms infrastructure arm

SINGTEL announced on Thursday (Apr 27) that it will be combining its consumer and enterprise businesses in Singapore into a singular operating company from Jun 1, 2023.

The move is part of a “strategic reset and ongoing efforts to restructure and reposition the company for growth”.

The company also announced plans to form a standalone infrastructure unit, dubbed Digital InfraCo, which will include the group’s regional data centre business, subsea cable, satellite carrier businesses and Paragon platform.

Ng Tian Chong, who was most recently senior vice-president and managing director of Greater Asia at HP, will join Singtel to head up the newly combined operating company with effect from Jun 1, 2023, the telco said.

It added that Bill Chang, who is chief executive of group enterprise at Singtel, will relinquish his enterprise business portfolio to helm Digital InfraCo from Jun 1, 2023.

“This consolidation of our consumer and enterprise units in Singapore is designed to empower our core business to optimise synergies and capabilities to drive growth,” said Singtel group chief executive Yuen Kuan Moon.

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“With a more unified approach, we would be more agile, competitive and compelling when bringing solutions to market.”

Establishing the infrastructure unit, meanwhile, will allow Singtel to turn its digital infrastructure assets into an area of growth, Yuen added.

Shares of Singtel closed S$0.05 or 2 per cent higher at S$2.54 on Thursday, prior to the announcement.