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Singtel to rethink strategy as it prepares to book almost $1bn loss

2021-05-14 02:00:00| Total Telecom industry news

Singtel has today announced that it expects to announce a net loss of $907 million in its upcoming full-year results. The losses come primarily due to the severe impairment of two of its US-based units, digital advertising platform Amobee and cyber-security firm Trustwave. As a result, Singtel has announced a major strategic review that could see significant restructuring of product or business segments…read more on TotalTele.com » [ more ]

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