SingTel Telecom Conglomerate has
invested in few dozen companies ranging from Telecom Services to Applications, Mobile Payments, IT, etc under the
Group Digital Life GDL initiative.
GDL entities in which SingTel has made investments are run and managed independently of the telco business we understand. Each of the individual companies has its own boards and also an external board of advisors. For example, Amobee has an independently constituted board, comprising members from SingTel, as well as veterans from the mobile internet/technology space.
Management notes that these companies have a much more youthful composition compared with traditional telcos.
Importantly, so far, GDL hasn?t seen any key acquisition personnel leaving the organisations post the acquisition. There is some form of ?earnout? potential for these employees if/when the business is divested, we understand, but without specific lock-ins.
GDL?s overall approach in making investments will be within the constraints / criteria set by SingTel.
