Temasek's unit ST Telemedia buys 10% stake in VNPT Global

The investment company is "now ready to jointly explore telecommunications opportunities on the world stage" with the Vietnamese firm.

ST Telemedia’s President & CEO, Mr Lee Theng Kiat, was presented with the Investment Certificate by VNPT Global Chairman, Mr Lam Hoang Vinh, at a ceremony in Hanoi following the signing of their Share Subscription Agreement in January 2010.

"We believe that ST Telemedia is the right strategic partner to effectively contribute toward the further development of VNPT Global’s international business activities, one of the focuses of VNPT in the coming years. ST Telemedia has nearly 20 years of investment and operating experience throughout the world in the field of telecommunications. Its ownership in a number of international telecom operators will be a bridge for VNPT Global to approach and expand its markets in Asia Pacific and other emerging markets as well," said Mr. Lam Hoang Vinh, who's also the Executive Vice President of VNPT Group.

Meanwhile ST Telemedia’s President & CEO, Mr Lee Theng Kiat, commented, “The new partnership not only reaffirms ST Telemedia’s commitment to investing in Vietnam, but also underscores the strength of our long term relationship with VNPT. I’m confident that the complementary strength and resources of all shareholders of VNPT Global will provide the company with unparalleled capabilities to pursue broad and diverse business opportunities in the global telecom landscape."

VNPT Global is the global telecommunication subsidiary of VNPT Group, Vietnam’s foremost full service telecommunications service operator.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia