Singtel, Orange, Deutsche Telekom and Telefonica Unite Startup Groups
[Via Satellite 09-09-2015] Singtel, Orange, Deutsche Telekom, and Telefonica have teamed up their startup arms, Singtel Innov8, Orange Fab, hub:raum, and Telefonica Open Future, respectively, to link the startup ecosystems across Southeast Asia, Africa, Europe, Latin America and the Middle East. The partnership will enable selected startups to tap into the resources and networks of the four telecommunications companies in order to catalyze growth and to reach beyond their respective home markets.
The benefits of this partnership for startup companies include market insights, introductions to partners, the use of co-working spaces and access to the larger companies’ operating businesses. The four telcos may also offer the opportunity for selected startups to access their collective mobile customer base of more than 1 billion people across four continents.
“With the partnership between Deutsche Telekom, Orange, Singtel, and Telefonica, we see a huge opportunity to develop the bridges between the ecosystems in Asia, Africa, Europe and Latin America, and to provide startups with critical market access, funding and expertise to become more successful with their international expansion,” said Min-Kin Mak, VP of hub:raum at Deutsche Telekom.