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SingTel Mobile and Virgin in billion dollar cellular venture

SINGAPORE -- With an eye for the combined 55 million strong cellular market of Singapore, Hongkong, and South Korea, SingTel Mobile and Virgin Management Ltd (Virgin) have signed a Memorandum of Understanding (MOU) to create a billion dollar venture to offer cellular services throughout most of Asia and Internet services in Singapore. SingTel Mobile and Virgin will negotiate and finalize definitive agreements by August 2000.
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Written by ZDNET Editors, Contributor on

SINGAPORE -- With an eye for the combined 55 million strong cellular market of Singapore, Hongkong, and South Korea, SingTel Mobile and Virgin Management Ltd (Virgin) have signed a Memorandum of Understanding (MOU) to create a billion dollar venture to offer cellular services throughout most of Asia and Internet services in Singapore. SingTel Mobile and Virgin will negotiate and finalize definitive agreements by August 2000. Full story. -- Mervin Chua, ZDNet Asia

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