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Singtel, Optus aiming not to compete on pricing but on experience: OCBC

PC Lee
PC Lee6/20/2018 11:36 AM GMT+08  • 2 min read
Singtel, Optus aiming not to compete on pricing but on experience: OCBC
SINGAPORE (June 20): OCBC Investment Research says Singtel’s guidance for dividends to be maintained at 17.5 cents for FY19 and FY20 signals a stable cashflow outlook despite the competitive pressures.
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SINGAPORE (June 20): OCBC Investment Research says Singtel’s guidance for dividends to be maintained at 17.5 cents for FY19 and FY20 signals a stable cashflow outlook despite the competitive pressures.

Management intends to keep traditional carriage revenues flat over five years as voice-to-data substitution continues, but aims to grow digital and enterprise revenues as a proportion of consolidated revenues from 24% in FY18 to 50% by FY23.

Meanwhile, Singtel’s core markets of Australia and Singapore continue to face competitive pressures in the consumer segment with the impending entry of TPG in both markets.

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