SingTel to invest $500 mil in cyber security, other areas

SingTel will invest $500 million over the next five years and hire 1,000 engineers as part of a three-pronged strategy to build strengths in cyber security, smart cities and analytics.

Chief Executive Chua Sock Koong told The Straits Times that the telco will set up an Asia-Pacific Cyber Security Competency Centre (ACE) and incubation labs.

These facilities will experiment with fresh ideas that can then be commercialised here and in markets where Singapore has a footprint such as in Australia, India and some African countries.