Singapore Telecommunications Ltd (STEL.SI)
24 May 2019
Wed, May 15 2019
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.
* Sees cost savings of S$490 mln for FY2020 (Adds cost-saving target, share movement, and comments)
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.
MEDIA-India's Bharti Airtel, Singtel and Warburg Pincus in talks to buy 61% stake of Subhash Chandra in Dish TV - Economic Times
- Note: Reuters has not verified this story and does not vouch for its accuracy
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.
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.
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.
* Singtel's effective interest in Airtel 35.2 pct after offering (Adds analyst comments, background)
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.
* Revenue almost flat at S$4.63 bln (Adds CEO quote, outlook)