SingTel says beginning to see some stability in Indian telecom market

SINGAPORE Thu Feb 14, 2013 11:21am IST

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

Related Topics

Stocks

   

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Monetary Policy

REUTERS SHOWCASE

Monetary Policy

Monetary Policy

Fed renews zero rate pledge, but hints at steeper rate hike path.  Full Article 

Eyeing Stocks

Eyeing Stocks

Interview - EPFO chief urges green light to buy stocks  Full Article 

Stimulus Reports

Stimulus Reports

China cenbank injects $81 bln into major banks to support economy - reports  Full Article 

Ranbaxy Investigation

Ranbaxy Investigation

Ranbaxy says U.S. authorities seek information on pricing data.  Full Article 

E-Commerce

E-Commerce

Tiger Global leads $60 million investment in Quikr.  Full Article 

Monsoon Update

Monsoon Update

Delayed retreat of monsoon rains to start this weekend  Full Article 

Financing Deal

Financing Deal

IndiGo agrees $2.6 billion aircraft finance deal with China's ICBC  Full Article 

Grim Outlook

Grim Outlook

Sony deepens loss estimate on struggling smartphone business  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage