Wallstreet Journal
By SE YOUNG LEE
May 13, 2008
Singapore Telecommunications Ltd., Bharti Airtel Ltd., Globe Telecom Inc. and SingTel subsidiary Optus said they have signed an agreement with Apple Inc. to offer the iPhone in their respective markets later this year.
SingTel will sell the phone in Singapore, Bharti Airtel in India, Globe Telecom in the Philippines and Optus in Australia. No financial terms were disclosed. SingTel holds a 30.5% stake in Bharti and 44.5% in Globe, and it owns Optus.
Bharti currently has about 64 million subscribers, while Globe reported a 21.3 million mobile subscriber base for the quarter ended March 31. SingTel had about 2.3 million mobile subscribers in Singapore and around 7 million in Australia as of Dec. 31.
Apple has said the iPhone will start selling in Asia this year. The company recently moved away from signing exclusive deals with a single carrier in a market. Vodafone Group PLC has said it will offer the iPhone in additional markets, including Australia, later this year.