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SingTel ups stake in Bharti Airtel

2013-08-16 02:53:00| Telecompaper Headlines

(Telecompaper) Singapore Telecommunications (SingTel) will buy a 3.62 percent stake in Bharti Telecom from MacRitchie Investments to increase its stake in the linked company Bharti Airtel. Following the SGD 383.58 million transaction, SingTel's stake in Bharti Telecom will grow to 39.78 percent from the current 36.16 percent and its effective interest in Bharti Airtel will increase from 30.76 percent to 32.34 percent. SingTel expects the deal to close on 28 August.

Tags: ups stake airtel bharti

SingTel to raise stake in Bharti Airtel

2013-08-15 02:00:00| Total Telecom industry news

Singaporean operator has inked a deal that will increase its holding in Indian telco to 32.34%.

Tags: raise stake airtel bharti

Optus grows Q1 profit, SingTel completes satellite review

2013-08-14 03:08:00| Telecompaper Headlines

(Telecompaper) Optus posted a net profit for the quarter ended 30 June of AUD 167 million, up 8 percent from AUD 155 million in the year-ago quarter. Operating revenues slipped 5 percent to AUD 2.12 billion from AUD 2.24 billion in the year-ago period. In Mobile, revenues fell 6 percent due to the continuing effect of the mandated reduction in mobile termination rates, decreased equipment sales as device subsidies were reduced, and higher service credits associated with device repayment plans. However, operating expenses for the quarter dropped 9 percent to AUD 1.56 billion, driven by lower selling and administrative costs. EBITDA went up 5 percent to AUD 572 million from AUD 545 million and EBITDA margin increased 2.6 percentage points to 27 percent. Separately, parent SingTel announced it has completed the strategic review of the Optus Satellite business. Based on this review, SingTel says it is committed to growing and investing in the satellite business.

Tags: review profit satellite grows

SingTel mio TV subscribers up 2,000 in 2Q 2013

2013-08-14 03:00:35| Digital TV News

SingTel has reported results for its first quarter ended June 2013. Improved mio TV content line-up has lifted ARPU while customers with bundled services increased 11% from a year ago to 353,000 customers as at 30 June 2013.

Tags: mio subscribers singtel