Local telco StarHub has teamed up with China Mobile, the world's largest telecommunications operator by market capitalisation, to create more business opportunities.
The firm said in a joint statement that it has signed a memoranda of understanding with China Mobile unit China Mobile International (CMI) and Thai telecommunications service provider True Corporation. The partnership, which was announced yesterday at the CMI headquarters in Hong Kong, aims to "accelerate strategic cooperation" between the firms.
CMI is the the principal party in the partnership and is supported by China Mobile Communications Corporation. The partnership involves cooperation on global roaming, information sharing and to create new business opportunities relating to innovation.
StarHub chief executive Tan Tong Hai said in a statement that the partnership is timely as China embarks on its One Belt One Road strategy to revive two ancient Silk Road trading routes, with Singapore well-positioned to take advantage of the initiative.
He added: "As part of this partnership, we will also look into other areas of collaboration such as data analytics, content, cyber security and Internet of Things."