SingTel says beginning to see some stability in Indian telecom market
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)
- Tweet this
- Share this
- Digg this
- Boxer Sarita Devi faces action after refusing medal at Asian Games
- New NATO leader offers olive branch to Russia
- Brookfield wins Revel Casino auction, but loser vows to fight
- Billionaire Detroit business leader says "blight is like a cancer"
- CANADA STOCKS-TSX fall gets deeper as financial, energy shares drag
India could run out of a critical medicine in its free HIV/AIDS drugs programme in three weeks due to bureaucratic bungling, a senior government official said, leaving more than 150,000 sufferers without life-saving drugs for about a month. Full Article