Singtel's H1 revenue drops 10% on declining Australian fixed-line business

Tuesday 17 November 2020 | 09:44 CET | News
Singtel posted operating revenue of SGD 7.43 billion for its first-half period ended 30 September 2020, which represents a decline of 10 percent year-on-year, on lower equipment sales, roaming and prepaid mobile revenue. Underlying net profit was also down 36 percent to SGD 837 million, due mainly to weakness in Australia and COVID-19 crisis. Singtel said its performance for the first half of the year "reflected weakness" in its Australia fixed-line business amid structural challenges in the industry, the impact from COVID-19 and soft economic conditions.

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.


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: Mobile & Wireless
Companies: Airtel / Optus / SingTel
Countries: Asia / Australia / Singapore
::: add a comment
This article is part of dossier




Add 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.


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 launches 5G service at VivoCity mall in Singapore

Published 03 Feb 2021 09:55 CET | Singapore
Singapore operator Singtel has expanded its 5G network coverage, bringing 5G services indoors at VivoCity, the largest mall in ...

Singtel launches Unboxed Lite 5G multimedia kiosks

Published 05 Jan 2021 08:48 CET | Singapore
Singapore operator Singtel has deployed 5G connectivity at its iconic payphone booths at Tong Building on Orchard Road. Named ...

Singtel reorganises structure, plans expansion in enterprise services in Asia

Published 04 Jan 2021 09:51 CET | Singapore
Singapore's Singtel said it has reorganised its structure to reposition the group to capture new digital growth. Key to this is ...

Ericsson, Singtel deploy 5G NR standalone, dual-mode core network

Published 18 Dec 2020 09:34 CET | Singapore
Ericsson and Singtel have announced they are accelerating their 5G partnership in Singapore through the deployment of 5G ...

Optus' half-year revenues fall 9% amid COVID-19 pandemic

Published 17 Nov 2020 09:53 CET | Australia
Australian operator Optus posted operating revenues of AUD 4.06 billion for the half-year ended 30 September 2020, which ...

Singtel raises SGD 1.2 mln in charity for children, youth with special needs

Published 02 Sep 2019 07:14 CET | Singapore
Singapore operator Singtel has announced that its Charity Golf 2019 event has raised SGD 1.2 million for children and youth with ...

StarHub supports govt's two independent 5G networks proposal

Published 16 Jul 2019 07:50 CET | Singapore
Singapore mobile operator StarHub has announced it supports Infocomm Media Development Authority (IMDA)'s Call-for-Proposal ...

Singtel to develop 5G services for manufacturers, maritime operations

Published 27 Jun 2019 11:03 CET | Singapore
Singtel has announced two initiatives designed to support Singapore's 5G innovation ecosystem and Singapore's Smart Nation ...

Singtel's quarterly revenue grows 2%, profits under pressure from Asian associates

Published 15 May 2019 08:02 CET | Singapore
Singapore operator Singtel saw its revenue increase by 2 percent year-on-year to SGD 4.34 billion in the fiscal fourth quarter ...

Singtel quarterly profit down on lower associate returns, Optus leads 4% sales growth

Published 08 Feb 2018 14:07 CET | Asia
Singtel group reported operating revenue up 4 percent year-on-year in its fiscal third quarter to December to SGD 4.60 billion, ...