0
General

Singtel's FY net profit plunges 65% on charges for regulatory costs at Airtel

Thursday 28 May 2020 | 13:44 CET | News
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. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Airtel / Optus / SingTel
Countries: Singapore
::: add a comment
This article is part of dossier

5G

,

Coronavirus


Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Singtel's FY profit drops 49% to SGD 554 million

Published 09 Jun 2021 11:48 CET | Singapore
Singapore operator Singtel saw its operating revenue for the full year ended 31 March 2021 decline by 5 percent to SGD 15.64 ...

Singtel's quarterly operating revenue grows nearly 9% on higher equipment sales

Published 12 Feb 2021 09:21 CET | Asia
Singtel Group saw its operating revenue grow by 8.9 percent in its third quarter ended 31 December 2020 from the previous ...

Singtel's Dash launches insurance savings plan

Published 29 Jun 2020 14:17 CET | Singapore
Singaporean operator Singtel's Dash launched an insurance savings plan for users to grow their savings conveniently. This ...

Singtel launches NETS Click digital payments on hi!App for prepay users

Published 25 Jun 2020 08:46 CET | Singapore
Singapore operator Singtel has announced that its prepaid customers can now use NETS ATM bank cards to make top-ups and purchase ...

Optus FY profit plunges 39%, revenue falls 2% on lower equipment, service sales

Published 28 May 2020 11:45 CET | Australia
Australian operator Optus saw its operating revenue decline 2 percent to AUD 8.95 billion in the full year ended 31 March 2020, ...

Singtel mulls sale of Optus towers, hires BofA for transaction - report

Published 02 Apr 2020 08:37 CET | Australia
Singtel plans to sell the telecommunications towers owned by its Australian subsidiary Optus. These assets are estimated to be ...

SK Telecom, Singtel, AIS create gaming joint venture

Published 09 Mar 2020 07:50 CET | Asia
South Korean operator SK Telecom, together with Singapore's Singtel and Thailand's AIS, have announced a Series A investment in a ...

Singtel's quarterly profit drops 24% on lower enterprise revenues, exceptional gains

Published 13 Feb 2020 10:37 CET | Singapore
Singapore operator Singtel posted a net profit of SGD 627 million in its fiscal third quarter ended 31 December 2019, which ...

Singtel posts quarterly net loss of SGD 668 million on Airtel exceptional item

Published 19 Nov 2019 13:14 CET | Singapore
Singapore operator Singtel posted operating revenue of SGD 4.15 billion for its fiscal second quarter ended 30 September. Revenue ...





Calendar   /   Industry Events

02 Aug Arista Networks Q2
02 Aug Ceragon Networks Q2
02 Aug SBA Communications Q2
02 Aug NXP Semiconductors Q2
02 Aug DSP Group Q2 2021
02 Aug ON Semiconductor Q2
02 Aug Harmonic Q2
02 Aug DZS Q2
03 Aug Alibaba Q2 2021
03 Aug NeoPhotonics Q2 2021
03 Aug Infinera Q3 2021
03 Aug Akamai Technologies Q2 2021
03 Aug RingCentral Q2 2021
03 Aug Sequans Q2 2021
03 Aug Bredband2 Q2 2021
04 Aug Softbank fiscal Q1
04 Aug Lumen Technologies Q2
04 Aug Intred Q2 2021
04 Aug Digi International fiscal Q3
04 Aug EA fiscal Q1
04 Aug Viavi Q4
04 Aug 8x8 fiscal Q1
04 Aug Aferian interim results
04 Aug Liberty Latin America Q2 2021
04 Aug Smith Micro Q2 2021
04 Aug Inseego Q2 2021
04 Aug Qorvo fiscal Q1
04 Aug Roku Q2 2021
05 Aug Motorola Solutions Q2
05 Aug Frontier Communications investors meeting
::: More Calendar Items