Singapore Telecommunications posted a 64 per cent drop in full-year net profit on Thursday (May 23) hit by a S$3.1 billion (US$2.3 billion) impairment charge, the majority of which relates to its mobile network operation unit Optus. Australia's second-largest telecom company Optus has been marred by multip
Singapore Telecommunications on Monday forecast non-cash impairment provisions of S$3.1 billion ($2.28 billion) for second-half of 2024 which would lead to…
About S$2 billion of the total impairment provision originates from its mobile network operation unit, Optus goodwill, Singtel, Southeast Asia s largest telecom operator, said in its filing.
Singapore Telecommunications on Monday (Apr 29) forecast non-cash impairment provisions of S$3.1 billion (US$2.28 billion) for second-half of 2024 that would lead to the telecom giant reporting a net loss for the period. The company also warned that it would report a lower net profit for the full-year ende