Singtel's acquisition of cyber-security firm Trustwave is an astute move that leaves it "well-placed to exploit the growing need for advanced risk mitigation tools," says BMI Research.
The report on the Singapore-based operator suggests the decision to acquire Trustwave in September will prove to be a lucrative one, with Asian organisations growing ever-more aware of the need for sufficient cyber protection.
"As they make the transition to digital platforms, Asian economies will be subjected to increased cyber security risks," BMI said.
"Through its acquisition of Trustwave and ownership of some of Asia's largest telecoms operators, Singtel is well-placed to exploit the growing need for advanced risk mitigation tools."
Singapore Business Review notes that Singtel will begin its cyber-security push in the Philippines, which is consistently subjected to industry-specific malware attacks.
Singtel will leverage the help of its 21.5%-owned affiliate Globe Telecom and make a play for the country's enterprise sector in the hope that it will counteract slowing organic growth in the consumer services sector.
It also has a secondary presence in Australia (Optus), India (Bharti Airtel), Indonesia (Telkomsel) and Thailand (AIS) having invested in the respective telecoms operators.
BMI points outs that as a collective, these firms serve hundreds of thousands of enterprise clients across multiple industry verticals. However, the"sizeable and lucrative addressable market" has yet to be adequately served by advanced digital security services.
"Such services and solutions will also augment the appeal and robustness of the IT and digital media offerings of other SingTel units targeting the enterprise sector, including IT services provider NCS, digital marketing company Amobee and digital technologies investment hub Innov8," the report added.