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Singtel reports 49% lower earnings for FY21, announces new strategic direction

Atiqah Mokhtar
Atiqah Mokhtar5/27/2021 8:33 AM GMT+08  • 4 min read
Singtel reports 49% lower earnings for FY21, announces new strategic direction
Singtel has proposed a final ordinary dividend of 2.4 cents per share.
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Singapore Telecommunications (Singtel) has announced that it plans to embark on a new strategic direction focused on three tenets - realigning its core business towards capturing 5G market share; developing new growth engines in ICT and digital services; and unlocking the value of its infrastructure assets.

For its push for 5G market share, Singtel will focus on rolling out consumer and enterprise solutions predominantly targeting Singapore and Australia. It will also double down on the digitalisation of its operations to drive productivity and cost-savings and “get even more digital”.

For new growth engines, Singtel's ICT arm NCS will be repositioned to become “a B2B digital services champion in Asia Pacific”. NCS will set up two strategic business units to focus on government and telecoms, while part of Trustwave’s technology services will be reorganised into NCS. NCS will also target growth in the enterprise sector, particularly healthcare and transport, communications, technology and media and financial services in Singapore, Australia and Greater China.

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