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Singtel flags $1.2 billion charge in full-year results, starts strategic review of two US units


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Singtel flags $1.2 billion charge in full-year results, starts strategic review of two US units

For the second half year, Singtel's net exceptional loss will be $839 million

 

 

SINGAPORE - Singapore Telecommunications said on Friday (May 14) it expects to book net exceptional losses of $1.21 billion in its full-year results, mostly due to impairment of assets at two United States-based units, digital advertising platform Amobee and cyber-security firm Trustwave Holdings.

Singtel said it has started a strategic review to consider options for the two businesses, which may include restructuring of product or business segments, a full or partial divestment, or business combinations with other industry players.

"We are open to all types of strategic partnerships and deals including inviting investors who have complementary capabilities and can enhance the value of the businesses," said group chief executive Yuen Kuan Moon in a statement on Friday.

 

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https://www.straitstimes.com/business/companies-markets/singtel-flags-12-billion-exceptional-loss-in-annual-results-starts

 

 

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14 hours ago, socrates469bc said:

 

it's a bloody blackhole

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beastgohan-gohanbeast.gif

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5 hours ago, socrates469bc said:

 

tiagong singtel went into this blackhole under a BG-scholar hor.

 

and BG-scholar never wrong, ok peasants??????

 

wahahahahhahaha

 

Siblings of Singapore PM fear for their safety, accusing him of harassment  and trashing Lee Kuan Yew's values | South China Morning Post

 

Why him leh???

 

If i not wrong its when that Aunty took over they started to acquire overseas Telco Globe, Bharti, Optus, ...... start to loose money.

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10 minutes ago, Bigbird said:

 

Why him leh???

 

If i not wrong its when that Aunty took over they started to acquire overseas Telco Globe, Bharti, Optus, ...... start to loose money.

 

singtel went overseas under yang yang's term as ceo from 1995.

 

the only ones that r giving consistent returns r optus and ais.

 

india is basically a blackhole with unprofitable operations in africa from the very start.

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