Singapore Telecommunications Limited (Singtel)

The companies entered into an agreement valued at 186 million baht ($8.1 million) where AIS’s subsidiary Advanced Wireless Network Company (AWN), agrees to rent the telecommunication towers from CAT.

The lower numbers were attributed to travel and movement restrictions, lower footfall in retail stores, and a general dampening in consumer and business spending amid the global economic slowdown.

In the long run, however, it is likely that 5G connectivity will prove to be the crucial decider of the telco battle royale.

Under the collaboration, devices which are equipped with China Unicom eSIMs will automatically switch their profiles to Singtel’s when they are brought into Singapore.

Nxtra says it will use the proceeds from this transaction to continue scaling up its infrastructure and offerings across India.

Minister for Communications and Information S Iswaran said the government never excluded any company from being vendors for the nationwide rollout of high-speed 5G technology, and is satisfied with the outcome of its telecom operators’ selection.

Singtel Optus, through its wholly-owned subsidiary Optus Finance, has priced A$350 million (S$336.0 million) worth of five-year fixed-rate notes, as well as A$500 million (S$479.9 million) 10-year fixed-rate notes. Both notes will be issued on July 1.

The Infocomm Media Development Authority (IMDA) has granted Singapore Telecommunications (Singtel), M1 Limited, and StarHub Ltd the final 5G network license award on Wednesday, following the completion of the required regulatory processes.

The consortium has selected NEC Corporation to construct the 9,400 km-long ADC cable. The project is expected to be completed by 4Q22.

SINGAPORE (Dec 9): UOB Kay Hian is maintaining its “hold” call on Singtel, with a target price of $3.32, indicating that stock trades at above its 5-year EV/EBITDA mean of 13.6x.