In 1HFY2023 ended Sept 30, Singtel reported earnings of $1.17 billion, up 23% y-o-y. This was lifted by one-off gains from its asset-recycling strategy, meant to help tease out value from the trove of infrastructure assets the telco and its regional associates own.
The most recent results of the two listed telcos showed that efforts by Singapore Telecommunications (Singtel) to transform itself have started to bear some fruit while the rival transformational plans of StarHub are still some distance away from completion.
Over the last few years, the once-comfortable domestic competitive landscape has been disrupted, forcing both Singtel and StarHub to rejig their business directions and organisational structures to resume their growth trajectories.
