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Wireless

SingTel Group revenues rise 3%

Monday 13 February 2012 | 02:05 CET | News
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SingTel Group revenues went up 3 percent in the fiscal third quarter to SGD 4.83 billion, from SGD 4.70 billion a year earlier, driven by mobile customer growth in both Singapore and Australia. The strong gain in mobile customers in Singapore during the quarter led to higher acquisition and retention costs, while contributions from the regional mobile associates declined due to their weaker currencies and 3G losses from Bharti India. In addition, the group recorded higher net finance expense, reflecting its financing strategy of extending debt maturity with long-term borrowings, and higher

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Categories: Mobile & Wireless
Companies: SingTel
Countries: Africa / Asia
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