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Singapore Telecommunications Ltd (STEL.SI)

STEL.SI on Stock Exchange of Singapore

3.15SGD
24 May 2019
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$0.03 (+0.96%)
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Wed, May 15 2019

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Singtel to keep lid on costs after lowest annual profit in 16 years

SINGAPORE Singtel on Wednesday posted its smallest annual profit in 16 years partly due to the intense competition faced by its regional associates in India and Indonesia, and the telecom operator said it would attempt to keep a check on its expenses.

UPDATE 2-Singtel to keep lid on costs after lowest annual profit in 16 years

* Sees cost savings of S$490 mln for FY2020 (Adds cost-saving target, share movement, and comments)

Singtel's annual profit plunges 44%

SINGAPORE, May 15 Singapore Telecommunications Ltd said on Wednesday its 2018 net profit fell 44% after a challenging year marked by tough competition for its local and international businesses.

Singtel signs deal to expand mobile wallet alliance to Japan

SINGAPORE Singapore Telecommunications Ltd said on Monday it has signed a partnership to enable the use of its cross-border mobile wallet platform in Japan, as the telecom operator moves ahead with its digital payments expansion.

Singtel signs deal to expand mobile wallet alliance to Japan

SINGAPORE, March 18 Singapore Telecommunications Ltd said on Monday it has signed a partnership to enable the use of its cross-border mobile wallet platform in Japan, as the telecom operator moves ahead with its digital payments expansion.

Singtel injects $525 million in Airtel as competition mounts in India

SINGAPORE/BANGALORE Singapore Telecommunications Ltd (Singtel) said it will buy roughly $525 million worth Bharti Airtel stock as part of the Indian telecoms operator's plan to raise $4.6 billion through shares and bonds.

UPDATE 2-Singtel injects $525 mln in telco Airtel as competition mounts in India

* Singtel's effective interest in Airtel 35.2 pct after offering (Adds analyst comments, background)

Singtel third-quarter net profit falls 14 percent hurt by regional associates

SINGAPORE Singapore Telecommunications Ltd on Thursday reported a 14 percent drop in third-quarter net profit, due partly to intense competition in India and the impact of network investments by regional associates, and forecast a small decline in full-year earnings.

UPDATE 1-Singtel Q3 net profit falls 14 pct hurt by regional associates

* Revenue almost flat at S$4.63 bln (Adds CEO quote, outlook)

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