Singtel’s subsidiary Optus to directly oversee its own enterprise division
The move is part of Singtel’s plan to decentralise its organisational structure.
Singtel Group’s Australian subsidiary Optus will directly oversee its own enterprise division starting 1 July.
In an announcement, Singtel said the transfer of the management of this division to Australia is part of the group’s move to further decentralise its organisational structure.
The move will also give Optus more operational autonomy, and direct accountability said Singtel.
Optus’ enterprise business revenue was A$1.21b in the financial year ended March 2022.
“Optus has been part of the Singtel stable for two decades and a leading player in the Australian consumer market. Given the hyper digitalisation that enterprises are currently experiencing, this is also timely as Optus can focus on advancing its growth as a B2B player,” Singtel Group CEO, Yuen Kuan Moon, said.
Meanwhile, Singtel said it will also set up another company under its decentralised model, a regional data centre to be led by Bill Chang.