The Business Times
business-time-50
SUBSCRIBERS

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

Summarise
google-preferred-sourceAdd BT as a preferred source

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

    [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.

    SingtelTelcosTechnology

    TRENDING NOW

    Longest-serving chief minister Taib Mahmud’s legacy looms large over Sarawak as a family feud over his estate threatens to expose skeleton’s in the eastern state’s political closet.

    On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart

    Electric vehicles and the changed dynamics of mainstream and luxury car segments mean Certificates of Entitlement should not be used to classify cars.

    Is it time to scrap COE categories for cars? 

    Thailand’s target is to export seven million tonnes of rice globally in 2026, but the Middle East war has turned the world topsy-turvy with supply disruptions, high oil prices and economic uncertainty.

    Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why

    Court documents showed the largest sum of money Benjamin Chung Hiang Wee took was from his uncle, an odd-job worker.

    Former manager with DBS Bank admits cheating 7 victims, including his uncle, of over S$1 million

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More