COMPANY

Singtel

Singtel is a singapore telecom group with consumer services and media monetisation assets.

Analyst Perspective

Singtel is a Singapore-headquartered telecommunications group that sells consumer and business connectivity services, pay TV and digital services, while also monetising owned media inventory and first-party telecom audience data through its advertising arm. Its products in the supplied data span subscription telecom and entertainment offers such as Singtel TV, CAST and GOMO, alongside Singtel Media, which sells advertising access across the group’s mobile, TV and digital properties. The company makes money primarily from recurring subscriptions for telecom and media services, supplemented by device sales, instalment financing and advertising revenue. The data also shows that Singtel previously built a broader programmatic advertising capability through Amobee before divesting it, indicating that its current advertising exposure includes both owned-media monetisation and a history of software-enabled adtech operations for brands and agencies.

Analyst Signal Briefing

No strategic news signals detected in the last 90 days.

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Category Differentiation

Singtel is the parent telecommunications group, not just its advertising arm Singtel Media or its former adtech subsidiary Amobee. It should also not be confused with a pure-play DSP, publisher or BNPL provider.

Singtel: About

Singtel operates a diversified telecom-led model built on network infrastructure, subscription billing and owned customer relationships. It creates value by bundling connectivity, TV and digital services for consumers, then extending those assets into adjacent monetisation layers such as advertising inventory sales, audience targeting based on first-party telecom data, device commerce and embedded instalment finance. Historically, it also participated in software-led adtech via Amobee, adding programmatic media buying and analytics revenue before that business was divested.

How Singtel Works & Monetises

Business model analysis and core revenue streams

The company uses a hybrid monetisation model. The largest component is recurring subscription revenue from telecommunications and media services. Additional revenues come from device sales and instalment-based consumer financing through PayLater. Its advertising activities monetise owned inventory and data-enabled campaign services, while the former Amobee business used a combined SaaS and media-spend model with fees linked to platform usage and programmatic activation.

Revenue Channels

Telecom subscriptionsRecurring consumer and business service contracts
Pay TV and OTT subscriptionsContent / media subscription
Advertising and media inventory salesService fee and inventory monetisation
Device sales and related commerceOne-time sale
Instalment financing via PayLaterEmbedded financing / payment plan economics

Recent Signals (Singtel)

ExchangeWireAug 3, 2023

TrustPid: The Future of Privacy-First Ad Targeting?

ExchangeWire's MadTech Sketch explores how TrustPid, pitched as a privacy-first identity solution, might operate in the ad-tech landscape. The piece recalls telcos' mixed success in ad tech, citing AT&T, Singtel, and Verizon, and notes a new joint venture among four of Europe’s largest telcos as a potential path forward. TrustPid is presented as an attempt to create a persistent first-party signal that could enable behavioral targeting while prioritizing privacy. The author outlines opportunities and potential pitfalls, stressing that execution will be the key challenge for making TrustPid work. Overall, the article frames TrustPid as a significant, but still uncertain, development in addressability and invites reader input on its viability and the issues it raises.

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AdExchangerMar 2, 2023

MediaMath's Struggles Highlight AdTech's Shifting Landscape

AdExchanger's March 2, 2023 roundup centers on MediaMath's exit from its decade-long VC tether after selling a stake to private equity firm Searchlight Capital, wiping out the equity of founders, early investors and employees. Insider's deep-dive portrays a path from near-greatness to diminished prospects, with CEO Joe Zawadzki pursuing a billion-dollar exit; potential buyers including IBM and Singtel were close to a deal, but none materialized. The DSP market was framed as The Trade Desk's race, with others expected to finish behind. The piece also notes iOS ad spend fell in 2021 due to Apple's ATT, then recovered in 2022; Singular says iOS now accounts for roughly half of UA budgets on its platform, after a 2020 split of about 55% iOS/45% Android and a 36% iOS share by January 2022 as developers adapt via SKAdNetwork. The roundup closes with references to ketamine/ADHD ads on social media and several executive hires across the ad tech ecosystem.

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AdExchangerNov 21, 2022

How Tremor International Is Using Amobee To Boost Its Programmatic Supply

AdExchanger reports Tremor International’s 2022 acquisition of Amobee from Singtel to boost Tremor’s programmatic TV and video stack with stronger self-service tools and access to broader omnichannel inventory, including linear TV. As integration progresses, Amobee is set to become Tremor’s primary DSP, with plans to connect Amobee to Unruly and to fold Tremor Video components into the platform. Tremor previously acquired Unruly SSP, and its technology has been used to enhance media planning—advertisers can plan against audiences, generate Unruly deal IDs, and buy them via Amobee. Tremor also announced a partnership with Hisense for exclusive access to automatic content recognition (ACR) data through VIDAA OS to inform targeting. Separately, Tremor launched a cross-channel spend-allocation tool to optimize streaming versus linear budgets, integrated into Unruly, currently in beta with some clients.

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Singtel: Frequently Asked Questions

What is Singtel?

Singtel is a Singapore-based telecommunications group offering connectivity, pay TV, digital consumer services and media monetisation solutions.

Who uses Singtel?

Consumers use Singtel for mobile, TV, streaming and device-related services, while advertisers and agencies use Singtel Media for audience access and inventory.

How does Singtel make money?

Singtel mainly earns recurring subscription revenue from telecom and media services, with additional income from advertising, device sales and instalment financing.

Company Facts

Founded
1879
Headquarters
Singapore
Core Segment
B2C Consumer App / Platform
Company Size
>5,000
Official Link
singtel.com