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Temasek seeks to sell $3.1 billion stake in Thailand's Shin Corp to SingTel: sources
2014-02-18 03:56:41| IT Services - Topix.net
Singapore state investor Temasek Holdings Pvt Ltd TEM.UL is seeking to sell its $3.1 billion stake in Thai telecom company Shin Corp INTUCH.BK, according to people familiar with the matter, and has approached its SingTel planned sale of a 31 percent stake in TMB Bank Pcl TMB.BK has also hit roadblocks, Reuters previously reported.
Temasek seeks to sell $3.1 billion stake in Thailand's Shin Corp to SingTel: sources
2014-02-18 03:40:18| Telecom - Topix.net
Singapore state investor Temasek Holdings Pvt Ltd TEM.UL is seeking to sell its $3.1 billion stake in Thai telecom company Shin Corp INTUCH.BK, according to people familiar with the matter, and has approached its SingTel planned sale of a 31 percent stake in TMB Bank Pcl TMB.BK has also hit roadblocks, Reuters previously reported.
SingTel up on positive earnings, leading Singapore index gain
2014-02-13 15:15:41| IT Services - Topix.net
SingTel, the best performing stock on the index, rose nearly 2 per cent to an intra-day high of S$3.58, on course for its biggest daily gain in more than two months.
Tags: index
positive
leading
gain
Singtel results under pressure from forex, Australian market
2014-02-13 09:41:00| Telecompaper Headlines
(Telecompaper) Singtel reported a drop in quarterly revenues and lowered its full-year outlook, hurt by negative currency effects and more cautious spending by business customers. Revenues for the three months to December fell 7.3 percent to SGD 4.263 billion, while EBITDA edged up 0.1 percent to SGD 1.264 billion. Net profit for fiscal Q3 improved 5.5 percent to SGD 872 million, helped by a strong contribution from affiliates such as Airtel in India. Free cash flow rose 6.9 percent to SGD 712 million. Singtel said sales would have been down 2 percent and EBITDA up 6 percent if the forex effects were excluded. The lower sales were mainly due to its Australian unit Optus and the slowdown in the enterprise market. For the full year to March, Singtel maintained its outlook a mid single-digit decline in revenue and low single-digit drop in EBITDA. However, revenue for Group Consumer is now expected to decline by low double digits and Group Enterprise by low single digits. The group also cut its capital expenditure budget for the year to SGD 2.2 billion, due to currency effects and delayed spending. Free cash flow is still expected to reach SGD 2 billion for the full year.
Tags: results
market
pressure
australian
Singtel adds 20,000 mio TV subscribers in 2013
2014-02-13 02:00:10| Digital TV News
SingTel has reported results for its third quarter (Q3 FY2014) ended December 31, 2013. The company ended 2013 with 418,000 'mio TV' IPTV subscribers, up from 398,000 at the end of 2012.
Tags: mio
adds
subscribers
singtel
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