SINGAPORE: Singapore Telecommunications Ltd (Singtel) has posted its lowest net profit in at least two decades on exceptional losses and outlined a strategy to focus on 5G and develop new growth engines in information-communication technologies.
South-East Asia’s largest telecoms operator, reported that annual net profit halved to S$554mil (US$418mil or RM1.7bil) – the lowest since at least 1998.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!