SINGAPORE (Nov 11): CIMB is maintaining its “add” recommendation on SingTel with the same target price of $4.30 after successfully retaining the BPL broadcasting rights.

On Tuesday, SingTel announced that it has retained the broadcasting rights to the Barclays Premier League (BPL) for the next three seasons from Aug 2016-19.

This is the third time SingTel has managed to secure the BPL rights since it first snatch this away from StarHub for the Aug 2010-13 seasons.

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