Hopes fade for earnings contributions from SingTel's Digital Life

Digital Life accounted for S$104m earnings loss.

According to Nomura, there were many questions on the rationale and vision for Digital Life. Nomura noted that most investors still aren't very clear, as to how to judge its success or what telcos’ core competencies in exploiting these are.

However, the management doesn’t expect positive earnings contribution for the next few years, and would look to monetize these assets over
time (via IPO or else). Digital Life contributed SGD111mn in revenue and accounted for SGD104mn loss in EBITDA in FY13.

Here's more

Mr Allen Lew stated that the world is transforming more into mobile internet and traditional telcos need to embrace this more and more. A key objective of Digital Life is to work with their operating companies to bundle content with access. The 3-pillars of this are digital advertising, mobile commerce, and next generation interactions.

 Management USD2bn in capex commitment over the next 3 years for Digital Life isn’t set in-stone. It is a rough guideline and the final amount can be higher or lower depending on the opportunity.

 Management also stated that it is working closely with its regional Associates on this and in some instances; it is likely that a joint investment in digital businesses can be made.

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

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