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Singtel’s NCS expands in the Philippines through a joint venture for clients to better access services

Its unit NCSI Holdings will buy a 51% stake in Yondu for a total net consideration of 134 million Philippine pesos

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Isabelle Chong

Published Thu, Mar 27, 2025 · 12:21 PM
    • The expansion aligns with Singtel’s strategy to strengthen its global delivery network and establish itself as a leading Pan-Asia technology services provider, says Foo Zhi Wei, research analyst at Macquarie Capital.
    • The expansion aligns with Singtel’s strategy to strengthen its global delivery network and establish itself as a leading Pan-Asia technology services provider, says Foo Zhi Wei, research analyst at Macquarie Capital. PHOTO: BT FILE

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    [SINGAPORE] NCS, Singtel’s technology services arm, is expanding its presence in the Asia-Pacific (Apac) region through a joint venture with Globe Telecom in the Philippines.

    The tech company announced on Thursday (Mar 27) that its wholly owned subsidiary NCSI Holdings has acquired a majority stake in Globe’s IT arm Yondu in the Philippines. The move will give clients better access to digital, cloud, data and artificial intelligence services, it said in a statement.

    NCSI Holdings will acquire a 51 per cent stake in Yondu for a total net consideration of 134 million Philippine pesos (S$3 million) – net of the 818 million pesos used by Yondu to acquire the existing NCS subsidiary, NCSI Philippines.

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