Singtel's NCS transforms to capture growth through strategic reset

In its latest annual report published on July 7, Singtel’s chairman Lee Theng Kiat and chief executive Yuen Kuan Moon have recognised that the Covid-19 pandemic has provided the group with tailwinds of digitalisation that the telco intends to exploit.

This comes on the back of Singtel announcing its plans for a strategic reset on May 27, as what analysts have been calling a “clean slate” for the group to move ahead in FY2022. This was also announced alongside a lacklustre FY2021 ended March earnings which fell 49% y-o-y to $544 million, as well as $1.2 billion in impairment.

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