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Thursday, August 04, 2005

SingTel keeps growing, leaves competition behind

You have to love this company. Coming from the tiny marketplace in Singapore, this company is positioning itself to become the powerhouse of Asia.

Back in November last year, I wrote that SingTel's subscriber numbers keep growing, and they are able to do it again, and again, and again.

Now, they are reporting another record growth. "Singapore Telecommunications said its mobile subscriber numbers across Asia-Pacific were up 36% on year as of June 30 2005, as more customers signed up in emerging markets." "SingTel had about 71 million mobile customers in seven countries as of June 30, up from 52.2 million a year ago, the company said."

That is happening when you execute as a company, and when you look for alternative places, when your market gets too small.

Other companies, on the other hand, still look around, focus more on internal issues, get distracted and might lose out. Nothing wrong with cleaning up your house, but as a company, you have to move fast nowadays. Once a chance is gone, it is gone forever - and all the strategies won't work anymore. And complaining doesn't bring anything either.

(By Asia Business Consulting)