TUA – Tuas Limited | Aussie Stock Forums

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SOL holds 25.3% of TUA and mentions it in their Annual Report:

Tuas owns the former TPG Singapore business. Tuas operates a low cost mobile network in Singapore. As a new entrant in the market, TPG Singapore is growing its customer base with products that deliver good value relative to incumbent service providers.

Tuas Limited is in the process of rolling out mobile infrastructure in Singapore. It launched commercial services at the end of March 2020 and by September 2020 secured 133,000 paid active subscribers. Full coverage has been reached in outdoor locations and road tunnels. Coverage of rail tunnels is expected to be completed by the end of 2021.

Also mentioned in the recent interview with SOL chair, Rob Millner:

Matthew Kidman
And now out of it, you’re also a player in Singapore — probably the fourth at the moment?

Rob Millner
Yeah.

Matthew Kidman
It’s becoming an international business; it keeps going.

Rob Millner
Well, David [Teo]’s a very smart operator and he had vision. He’s Malay, so he knows that part of the world very well. And again, we’re going to be the lowest cost producer up there, so we’ll do well ......

……
Matthew Kidman
And Singapore, you have got a reasonably big holding in the (inaudible) investment company up there. David [Teo] is very excited about that.

Rob Millner
Yeah. Again, it has been difficult because he cant get up there to put his footprint on it a bit more, but we have got some very good people running it.
I usually go five or six times a year because we’ve got some other business interests up there. I’m looking forward to going up in February and having a look around and talking to the guys up there.

Matthew Kidman
They’ve started well, it looks like.

Rob Millner
Yeah. But again, we had to start from scratch, and I have got to be careful what I say here, but you’re dealing with Singapore Inc up there, which is the Temaseks, and they haven’t made it very easy for us.


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