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Articles tagged with: Singtel
SingTel Mulls Sale of Stake in Australia's Optus
Singapore Telecommunications (singtel) is reported to be considering the sale of a minority stake in its Australian subsidiary, Optus. The move could raise between US$4 billion and US$5 billion, two people familiar with the situation told the Wall Street Journal. more
Related Tags: optus, broadband, Australia
SingTel Boosts Stake in India's Bharti Airtel
Singapore Telecommunications (singtel) has announced that it is paying around US$393 million to increase its stake in India's Bharti Airtel to 31.95 percent from 30.43 percent currently. The company is buying the shares though its investment arm, Pastel. more
Related Tags: bharti-airtel, temasek-holdings, India
Fitch Affirms Indonesian Operator, Telkomsel's Ratings
Fitch Ratings has today affirmed Indonesia's Telekomunikasi Selular's (Telkomsel) Long-term foreign and local currency Issuer Default Rating (IDRs) at 'BB+' and 'BBB-', respectively, and its National Long-term rating at 'AAA(idn)'. The Rating Outlook is Stable. more
Related Tags: telkomsel, fitch-ratings, telekomunikasi-indonesia, Indonesia
SingTel Profits Up - Revenues Hit by Currency Fluctuations
Singapore's singtel has reported a quarterly 7.7% rise in net profits to S$945.4 million (US$654 million), boosted largely by profits from overseas wireless subsidiaries. In the first fiscal quarter ended 30 June 2009, both Singapore and Australia posted double-digit growth in revenue and improved EBITDA. However, as a result of the weaker Australian dollar against the Singapore dollar, the Group's revenue rose only 1.9% to S$3.85 billion (US$2.66 billion) from S$3.78 billion. The Group's revenue would have increased 12 percent if the Australian dollar had been stable from the corresponding quarter last year. more
Related Tags: Singapore
Bharti Airtel and MTN May Extend Merger Talks
India's Bharti Airtel and South Africa's MTN Group are expected to extend the deadline for their merger talks due to the complexity of the negotiations, sources have told the Wall Street Journal. The issue is reported to be down to issues with Singapore Telecom, which owns 30% of Bharti Airtel. more
Related Tags: bharti-airtel, mtn, India
SingTel Launches Unlimited Mobile Music Service
Singapore based mobile network operator, singtel has alunched a free mobile music download service for its contract customers. The service, branded singtel AMPed, has been developed in partnership with Universal Music Group (UMG) and offers music videos and pre-release albums in addition to conventional music downloads. more
Related Tags: mobile-music, facebook, universal-music, universal-music-group, free-mobile, Singapore
Fitch Comments on Potential Transaction Between Bharti and MTN
Fitch Ratings has commented that it will closely monitor developments following the disclosure by India's Bharti Airtel and South Africa's MTN Group that they are engaged in exclusive discussions to potentially acquire stakes in each other, with a view to eventually achieving a full merger. more
Related Tags: mtn, bharti-airtel, fitch-ratings, fitch, debt-ratings, South Africa
MTN restarts merger talks with India's Bharti
India's Bharti Airtel has resumed merger talks with South Africa's MTN - after they broke down last year. Under the proposed terms of the deal, Bharti would acquire a 49% shareholding in MTN and, in turn, MTN and its shareholders would acquire an approximate 36% economic interest in Bharti, of which 25% would be held by MTN with the remainder held directly by MTN shareholders. more
Related Tags: mtn, bharti-airtel, johannesburg--stock-exchange, partner, South Africa
SingTel Earnings Hit by Currency Changes - Seeking Aquisitions in 2009
Singapore Telecommunications (singtel) has reported that its fourth fiscal (1st calendar) quarter's underlying net profit fell 0.9 percent to S$959 million (US$657 million) from a year ago impacted by the weak Australian dollar and major regional currencies. more
Related Tags: warid-telecom, citycell, bharti, optus, telkomsel, Singapore
SingTel, Optus Wins Australian Banking Supply Contract
Singapore's singtel has reached an agreement with the Australian bank, ANZ on a AU$500 million (US$366 million), five year contract to provide telecommunications and managed network services. As part of the contract, singtel and its Australian subsidiary, Optus Networks, will provide global managed network services to ANZ in Australia and 30 countries across Asia and the Pacific, including ANZ's technology and operations centre in Bangalore, India to support ANZ's super regional strategy. more
Related Tags: optus, call-centre, driving, Australia