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Tag: singtels
Singtel's FY net profit plunges 65% on charges for regulatory costs at Indian unit Airtel
2020-05-28 13:44:00| Telecompaper Headlines
(Telecompaper) Net profit fell 65 percent to SGD 1.08 billion due to Airtel's exceptional charges for regulatory costs, including the adjusted gross revenue matter and a one-time spectrum charge. Singtel took a net exceptional charge of SGD 302 million this quarter, mainly arising from Airtel's provision for the spectrum charge.
Singtels finances take a beating citing COVID-19 and Airtel payouts
2020-05-28 02:00:00| Total Telecom industry news
Singtel’s financial report for the year ending this March have revealed net profit of just $754 million, down 65% on the previous year. This massive decrease marks the Singaporean telco’s weakest financial performance in over two decades…read more on TotalTele.com »
Tags: finances
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beating
payouts
Singtel's Hooq Digital files for liquidation
2020-03-27 13:41:00| Telecompaper Headlines
(Telecompaper) Hooq Digital, 76.5 percent owned by Singapore operator Singtel, said it has filed for liquidation, the Singapore Business Times reported. Sony Pictures and Warner Bros Entertainment also have stakes in the joint venture, which failed to take off after launching five years ago. Hooq said the OTT video market has undergone significant structural changes since then.
Tags: digital
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liquidation
singtels
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