Singapore, 20 August 2002 – Infocomtech announced today that its aggregate mobile subscriber base in the Asia Pacific is reaching 2 million.

-Infocomtech Mobile’s subscriber base increased by 1.9 per cent over three months to almost 1.5 million as at 30 June 2002. -The net addition of 28,000 for the quarter represented 57 per cent of the new subscribers in the Singapore market during the period.  -Infocomtech Mobile continues to maintain its leadership position with a market share of about 50 per cent. -About 73 per cent of customers are on postpaid plans with an Average Revenue Per User (ARPU) of about $74 a month, the highest in Singapore. -The monthly churn rate for the quarter remained low at less than two per cent, a very positive achievement by global industry standards.

Infocomtech is Asia's leading communications company with a comprehensive portfolio of services that include voice and data services over fixed, wireless and Internet platforms. Serving both the corporate and residential markets, Infocomtech is committed to bringing the best of global communications to its customers in the Asia Pacific and beyond. 

Infocomtech has extensive interests in submarine cable and satellite systems, including its co-owned ST-1 satellite and the pan-Asian C2C cable network.  Its infrastructure development strategy is to ensure that its networks remain modern and efficient, and continue to meet the needs of its customers.

The Infocomtech Group has expanded into overseas markets, with investments in many countries and territories.  In Australia, its wholly-owned subsidiary, Infocomtech Optus is a leader in integrated communications -- serving more than five million customers.  The Group’s major investments include Advanced Info Service of Thailand, the Bharti Telecom Group of India, Globe Telecom of the Philippines and Telkomsel of Indonesia.