Singapore Telecommunications Limited (Singtel)

Telecommunications

Singtel completes disposal of 3.3% of Bharti shares for $2.54 bil

Following the completion of the divestment, Singtel's effective stake in Bharti Airtel now stands at 29.7% from 31.4% previously.

Broker's Calls

Analysts remain positive on Singtel after 1Q earnings show 'decent start' to FY2023

The analysts have estimated target prices of between $2.90 to $3.55.

New appointments

NCS creates new enterprise strategic business group, appoints former DHL CEO as managing partner

The creation of the new SBG will help advance NCS’s growth in the enterprise sector.
Singtel to dispose of 3.3% stake in Airtel to Bharti Telecom for $2.25 bil - THE EDGE SINGAPORE

Telecommunications

Singtel to dispose of 3.3% stake in Airtel to Bharti Telecom for $2.25 bil

The sale which will see an estimated $0.6 billion net gain on divestment for Singtel.
Singtel's 1QFY2022 net profit up by 41.3% y-o-y to $628 mil - THE EDGE SINGAPORE

Results

Singtel's 1QFY2022 net profit up by 41.3% y-o-y to $628 mil

The improvement was due to better operational performance and a net exceptional gain from Airtel.

Telecommunications

Singtel readies US$300 mil sale of cyber security arm Trustwave, sources say

Singtel acquired Trustwave in 2015 for US$810 million.

Telecommunications

Singtel JV to sell over 7,000 towers in the largest sale and leaseback transaction in the Philippines

Upon its completion, the transaction will represent the largest ever tower sale and leaseback deal in the Philippines.

Telecommunications

Singtel-linked Telkomsel sells 6,000 more telecom towers to Mitratel

Singtel owns a 35% stake in Telkomsel, which is a leading mobile operator in Indonesia.
Singtel subsidiary not obliged to make $1.17 bil payment to National Telecom - THE EDGE SINGAPORE

Telecommunications

Singtel associate AIS not obliged to make $1.17 bil payment to National Telecom

Shares in Singtel closed 2 cents higher or 0.77% up at $2.63 on July 26.
Singtel to net US$197 mil after selling stake in Amobee to Tremor International - THE EDGE SINGAPORE

Telecommunications

Singtel to net US$197 mil after selling stake in Amobee to Tremor International

The divestment is expected to be completed by September.
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