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Singtel's latest buy is keeping it at 'buy'

Samantha Chiew
Samantha Chiew3/8/2022 03:19 PM GMT+08  • 3 min read
Singtel's latest buy is keeping it at 'buy'
Singtel's latest buy is keeping it at 'buy'.
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Analysts are upbeat on Singapore Telecommunication’s (Singtel) prospects following its announcement on Mar 7 that its enterprise arm NCS is acquiring a 100% stake in Australia’s largest privately-owned IT services consulting company, The Dialog Group, for A$325 million ($325 million).

See: Singtel's NCS acquires The Dialog Group in Australia for $325 mil

This move will allow the group to expand its footprint in its Australian ICT space, which has previously been identified as a target market and is seeing an acceleration in revenue momentum.

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