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Potential union of Australian telecom rivals a boost for Singtel

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Potential union of Australian telecom rivals a boost for Singtel

Bloomberg Published on Thu, Aug 23, 2018 / 2:57 PM GMT+8

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SINGAPORE (Aug 23): A potential marriage between two rivals in Australia could bring joy to Southeast Asia’s largest telco, Singapore Telecommunications.

A merger between Vodafone Hutchison Australia and TPG Telecom would see Singtel facing less competition in Australia, where it generates over half of its revenues.

“If a deal does proceed, we believe it would be positive for Singtel’s Australian business, Optus," Citigroup Global Markets Inc.’s analyst Arthur Pineda writes in a note.

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