The recent announcement that SingTel is to set up a regional mobile joint venture with Richard Branson's Virgin Group could be yet another mistake by the beleagured Singaporean telco. The cash-rich ex-monopoly is throwing money into an area where most anlaysts believe it has very little chance of success. The plan is to set up a regional cellular operation starting in Singapore, Hong Kong and Korea and then rolling out to India, China, Thailand and Malaysia. There are no...