Underlying net profit, which excludes one-time items, fell 28% to $680 million, with its results also hurt by the rising shift from voice to data and margin erosion in traditional carriage services, the company said.
SINGAPORE (Feb 14): Singapore Telecommunications on Thursday reported a 14% drop in third-quarter net profit, due partly to intense competition in India and the impact of network investments by regional associates, and forecast a small decline in full-year earnings.
Singtel, Southeast Asia's largest telecom operator, posted net profit of $823 million for the three months ended in December, compared with $959 million a year ago.
