RA'ANANA, Israel, March 3 Singapore
Telecommunications and Amdocs, a software
provider for telecom companies, have opened a development
centre in Israel as part of SingTel's investment in new
SingTel said its initial focus will be on voice and facial
recognition as well as systems that enable mobile and Wi-Fi
networks to work more efficiently.
"More and more mobile customers are using mobile devices for
more than just communications," said Allen Lew, chief executive
of SingTel's digital life group. "In our business it's not
enough to be up to date, we have to be up to tomorrow."
This will be SingTel's third so-called "LifeLabs" in
addition to similar centres in Singapore and Boston.
Lew said SingTel has a corporate venture fund of S$200
million ($161 million) and part of this will be dedicated to
SingTel will also invest in Israeli start-ups, fund
academic and research institutes and collaborate with incubators
and angel investors to find interesting technologies.
Amdocs Chief Executive Eli Gelman said the new centre would
help Israeli technology to reach the Asian market.
Amdocs, which had revenue of $3.2 billion in fiscal 2012,
provides revenue management, customer call centres, provisioning
and other software for communications firms.
Amdocs already has a similar centre with AT&T but
Gelman said there would not be conflicts of interest as the two
operators do not compete in any markets.
SingTel has already invested in two Israeli start-ups and
last year acquired mobile advertising company Amobee, which has
a technology centre in Israel.