'SINGAPORE (Nov 18): Singapore Telecommunications saw a slight drop in revenues for 2QFY2020, but recorded a loss of $668 million, as it made provision for a huge fine levied on the entire India mobile industry by its regulator.

Bharti Airtel, Singtel’s associate in India, was slapped with a fine of US$3 billion ($5.5 billion). This is slightly less than Vodafone’s Indian unit, which was fined US$4 billion. The fine was for the telcos' long-running dispute with India's Department of Telecommunications over the definition of “adjusted gross revenue”.'

Read more

Recommended & Related Posts

2.15 K

$UOB Kay Hian(U10.SI) $SingTel(Z74.SI)

'SINGAPORE (Dec 9): UOB Kay Hian is maintaining its “hold” call on Singtel, with a target price of $3.32, indicating that stock trades at above its 5-year EV/EBITDA mean of 13.6x. 

On the whole, the brokerage appears to have a “cautiously optimistic” stance on Singtel, even as the group fights to defend its consumer and enterprise markets. '

Read more
1.58 K


'SINGAPORE (Dec 4): Maybank Kim Eng Research is raising its target price for Singapore Telecommunications by 8% to $3.72, after its Indian associate Bharti Airtel announced tariff increases.

“A return of pricing power to India’s market is a key positive for one of Singtel’s major businesses,” says analyst Luis Hilado in a Dec 2 report. “This leaves the Singapore wireless market as its remaining major overhang.”'

Read more
1.79 K


'SINGAPORE (Nov 28): Singapore Telecommunications is in talks with companies including Grab Holdings Inc to jointly bid for a digital banking licence in the city-state, according to people familiar with the matter.

See: Grab eyes Singapore banking licence as regulator studies virtual banks'

Read more
2.62 K

$DBS(D05.SI) $SingTel(Z74.SI)

'SINGAPORE (Nov 22): DBS Group Research is upgrading Singapore Telecommunications (Singtel) to “buy” and raising its target price by 15.4% to $3.60, on the back of earlier-than-expected tariff hikes in India.

In a report on Nov 22, DBS analyst Sachin Mittal notes that the group’s India associate, Bharti Airtel, which dragged Singtel to its first-ever quarterly earnings loss in 2QFY2020 ended September, has announced plans to raise tariffs from December 2019 onwards.'

Read more
3.84 K


'SINGAPORE (Nov 19): Analysts are divided in their views on Singapore Telecommunications, after the telco sank to its first-ever quarterly loss.

For 2QFY2020 ending Sept 30, Singtel posted a loss of $668 million, on the back of its share of Bharti Airtel’s provision for license and spectrum fees.'

Read more
About Contact Privacy Terms Widgets Store

There are more for you ...

View more and participate in our discussion now. It's FREE.

Creating an account means you’re okay with InvestingNote's Terms and Conditions