telecommunications

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 ...
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), ...
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 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 ...
StarHub to lay off 300 employees as telco commences strategic review
SINGAPORE (Oct 3): StarHub is embarking on a strategic transformation review that will include laying off an estimated 300 of its full-time staff, primarily those in non-customer facing functions, with those affected to be notified by the end of this month. In an aftermarket press statement issued on Wednesday, the telco attributes the decision to “ongoing natural attrition and tighter ...
Cybersecurity merger positive for StarHub but will take time to manifest, say analysts
SINGAPORE (Sept 6): DBS and RHB are maintaining their “hold” and “neutral” calls on StarHub with the respective price targets of $1.42 and $1.78, while CGS-CIMB Research’s “add” call remains unchanged with a target price of $1.85. While all three research houses are positive on recent news of telco’s latest joint venture (JV) with Temasek unit Leone Investments to form a ...
StarHub fails to leave analysts star-struck after a dismal 1Q
SINGAPORE (May 4): Maybank Kim Eng and OCBC Investment Research UOB Kay Hian are maintaining their “hold” calls on StarHub with an unchanged price target and fair value estimate of $2.27 and $2.20, respectively, while UOB Kay Hian is reiterating its “sell” call on the stock with a target price of $2.25. This comes after the group on Thursday reported its first set of results under the ...
StarHub emerges as MyRepublic partner for MVNO rollout
SINGAPORE (May 3): StarHub has entered into a strategic partnership to provide MyRepublic with the mobile network infrastructure to launch its Mobile Virtual Network Operator (MVNO) services in Singapore. In a Thursday announcement, MyRepublic says it has found its ideal Mobile Network Operator (MNO) partner in StarHub with a partnership that “looks to benefit both companies” in the months ...
Bharti unit to merge with Indus, creating US$14.6 bil firm
MUMBAI (Apr 25): Bharti Airtel agreed to merge a unit with closely held Indus Towers in a deal that creates a US$14.6 billion ($19.4 billion) telecom tower operator that would be the largest outside China. The combination with Bharti Infratel creates an entity controlling more than 163,000 towers across India, Airtel said in a statement Wednesday. Infratel said it agreed to pay 1,565 of its ...
StarHub appoints former senior executive Peter Kaliaropoulos as new CEO
SINGAPORE (Apr 20): StarHub has appointed former senior executive Peter Kaliaropoulos, 58, as its group CEO from July 9. Kaliaropoulos will succeed Tan Tong Hai, who will relinquish his appointment as chief executive from May. See: StarHub searches for new chief as CEO Tan Tong Hai steps down In a Friday filing before market opening, the group says Kaliaropoulos will join StarHub from ...