Singtel

Why Singtel, NetLink NBN Trust remain OCBC's top 'buy' picks in a cut-throat telco scene
SINGAPORE (Mar 15): OCBC Investment Research is maintaining “neutral” on Singapore’s telco sector in the wake of the 4QCY18 reporting season, which saw StarHub and M1 results come in within expectations, while that of Singtel’s was slightly under. Nonetheless, the research house continues to favour Singtel and NetLink NBN Trust with a “buy” rating for both and the respective fair ...
GIC has Singtel's back in Bharti Airtel rights issue
SINGAPORE (Mar 11): GIC, Singapore’s sovereign wealth fund, is making a concerted effort to help Singapore Telecommunications (Singtel), the largest government-linked company, maintain the city state’s hold on India’s Bharti Airtel, which is tapping investors for fresh funds of US$3.5 billion ($4.75 billion) so that it can continue to wage a brutal price war in the Indian mobile ...
Singtel names AT&T a new founding member of Global Telco Security Alliance
SINGAPORE (Mar 6): American telco conglomerate AT&T has joined the Global Telco Security Alliance – which was launched in April 2018 by four telecommunications operators around the world including Singtel – as an equal member of the group. With this, the cybersecurity-focused alliance now has a total of five founding members, namely: Singtel (Singapore), AT&T (North America), ...
IMDA, Singtel, DBS launch new 99%SME platform to strengthen SMEs' omni-channel capabilities
SINGAPORE (Jan 11): The Infocomm Media Development Authority (IMDA), Singtel and DBS today jointly announced that they have launched a new 99%SME e-commerce platform to help small and medium enterprises (SMEs) merchants easily adopt digital technologies and provide their customers with omni-channel experiences. This new platform complements the 99%SME campaign, co-founded by Singtel and DBS, ...
Local telcos to face full effects of competition from TPG by mid-2019, says UOB
SINGAPORE (Jan 2): UOB Kay Hian has downgraded its view on Singapore’s telco sector to “market weight” from “overweight” in anticipation of intense competition from TPG Telecom. The move comes as the fourth mobile entrant launched its trial service in Dec 2018 at “mind-blowing pricing” which incumbents would eventually be forced to match, in the research house’s view. To ...
Singtel's Dash expands payment capabilities to international frontiers with Visa & Apple Pay
SINGAPORE (Dec 10): Singtel’s all-in-one mobile payments app, Dash, has expanded its payment capabilities to include international mobile payments via Apple Pay. This means Apple device users may also use Dash as a payment method on Apple Pay, making it the first non-bank mobile wallet in Singapore on Apple’s secure and private payments system. Main image, photo courtesy of Singtel: ...
Aussie startup Data Republic to expand with funding from Singtel's Innov8 and SIA
SINGAPORE (Dec 4): Australian tech startup Data Republic is set to expand its presence in Singapore with funding from Singapore Airlines (SIA) and Singtel’s venture fund Innov8. SIA this morning announced it has acquired a minority stake in Data Republic to enhance its digital capabilities. The group acquired its stake in Data Republic via placement of new shares. Data Republic’s ...
TPG's entry delayed but still remains a threat to Singapore telcos
SINGAPORE (Nov 29): Although the year is drawing to an end, TPG has yet to announce its commercial launch this year. This is despite TPG saying in September that it was on track to meet its outdoor-coverage milestones set by IMDA. In the short term, this delay might be good for the local telcos, as it gives them more time to prepare for the competition and re-contract subscribers to new ...
TPG unlikely to rattle incumbent telcos with 'abysmal capex': DBS
SINGAPORE (Nov 23): DBS Group Research is keeping its “buy” calls on Netlink NBN Trust, Singtel and StarHub, amid “abysmal capex” spent so far by new entrant TPG Telecom. “At the current level of capex spend, TPG’s network at commercial launch in 2Q19 is unlikely to pose a major threat to the incumbents, in our view, due to potential network quality issues,” says analyst Sachin ...
Singtel's 2Q earnings lower at $667 mil on absence of one-off gain
SINGAPORE (Nov 8): Singtel announced earnings of $667.2 million for 2Q19, down from its restated earnings of $2.85 bil in 2Q18, where a $2.05 billion exceptional gain was booked on the partial divestment of NetLink Trust. Excluding one-off items, underlying net profit fell 21% on lower contributions from Airtel and Telkomsel, as well as forex losses that came on the back of a stronger ...