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Supporters holding flags of ruling Congress party leave after attending an election campaign rally by Rahul Gandhi at Hardoi district in Uttar Pradesh January 28, 2012. REUTERS/Adnan Abidi/Files

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SingTel says beginning to see some stability in Indian telecom market

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A woman uses a phone at the lobby of a Singtel office in Singapore March 12, 2010. REUTERS/Vivek Prakash/Files

A woman uses a phone at the lobby of a Singtel office in Singapore March 12, 2010.

Credit: Reuters/Vivek Prakash/Files

SINGAPORE | Thu Feb 14, 2013 11:21am IST

SINGAPORE (Reuters) - Singapore Telecommunications Ltd (SingTel) (STEL.SI) said on Thursday it has seen the beginning of some stability in the Indian telecom market partly as its associate Bharti Airtel Ltd(BRTI.NS) has begun to remove discounts on its services.

SingTel's CEO Chua Sock Koong told a news conference that Bharti's decision to remove some discounts will be positive for average revenue per user or ARPU trend.

SingTel, Southeast Asia's largest telecommunications operator, posted an 8.3 percent fall in third-quarter net profit as weakness in India and the strong Singapore dollar offset improved results from Thailand and Indonesia.

(Reporting by Eveline Danubrata)
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