Singtel Starts Business Review After Indicating Exceptional Loss
May 14 2021, 10:09 AM
May 14 2021, 8:29 AM
May 14 2021, 10:09 AM
(Bloomberg) -- Singapore Telecommunications Ltd. has begun a strategic review of some businesses after saying it will book a charge of S$1.21 billion ($907.1 million) in its upcoming annual results.
(Bloomberg) -- Singapore Telecommunications Ltd. has begun a strategic review of some businesses after saying it will book a charge of S$1.21 billion ($907.1 million) in its upcoming annual results.
The review will focus on reinvigorating core business, new growth engines, reallocation of capital and unlocking of value, Yuen Kuan Moon, Singtelâs group chief executive officer, said at a media briefing. Some of the digital businesses have taken longer than expected to scale up, he added.