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Singapore Telecommunications Limited (Z74.SI)
- Reuters SG
UPDATE 3-Australia's TPG Telecom agrees network sharing deal with Singtel's Optus
Australia's TPG Telecom and Optus, owned by Singapore Telecommunications, have signed network sharing agreements to increase TPG's coverage and cut capital spending, the companies said on Monday. TPG will now be covering 2,444 mobile network sites in regional Australia, up from 755, and will gain access to Optus' regional 5G network as it is rolled out.
- Reuters SG
Singtel-owned Optus taps TPG Telecom for local network sharing agreement
Singapore Telecommunications' Australian unit Optus has struck a deal with local rival TPG Telecom to provide access to its local radio network in regional Australia, the telecom operators said in a joint statement on Monday. As a part of the regional Multi-Operator Core Network agreement, the TPG will have access to 2,444 Optus mobile network sites in regional Australia.
- 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.
