Singapore Telecommunications Limited (SIT.F)
- Reuters
Singtel falls up to 3% after $2.3 billion impairment
The impairment provisions would lead to the telecom giant reporting a net loss for the second-half period and a lower net profit for the full-year ended March 31, 2024, according to Singtel. Shares of Singtel were down 2.5% during Monday midday at S$2.35 per share, underperforming the broader benchmark stock index's 0.2% decline. "Singtel highlighted that this won't impact its dividend which is based on 70% to 90% of the underlying net income while the non-cash impairment charges will be booked as one offs," Maybank Research analyst Hussaini Saifee wrote in a research note on Monday.
- Zacks
Ericsson's (ERIC) Vonage Announces Partnership With Singtel
The integration of Ericsson's (ERIC) 5G network with Vonage's API platform and Singtel's Paragon platform is likely to aid developers in creating solutions to help enterprises overhaul their businesses.
- Reuters
UPDATE 3-Singtel rules out impending deal to sell Australian unit Optus
Singapore Telecommunications (Singtel) on Wednesday ruled out any impending deal to sell its Australian mobile network operation Optus following reports that talks for a potential stake divestment had fallen off. Southeast Asia's largest telecom operator, Singtel sought a trading halt after its shares sank 3.15% to S$2.46. The company then reiterated that there was no Optus divestment deal.
