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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, May 14, 2009

SingTel Forecasts Growth Ahead

SingTel expects its operating revenue in Singapore to grow "at the single-digit level" in the year to March 31, 2010 boosted by an increased contribution from its IT and engineering business (including a full year contribution from SCS) and first time revenue from the roll out of its fibre network.

The group expects operating revenue at its Optus unit in Australia to grow in the low single digits thanks to growth in mobile and wireless broadband. Capital expenditure in Australia and Singapore is forecast to be 1.1 billion Australian dollars (1.04 billion the previous year) and 800 million Singapore dollars (710 million) respectively.

For the January to March quarter of 2009, SingTel's group revenue was up 10%, stripping out the impact of adverse currency movements, to 3.57 billion Singapore dollars (2.43 billion US dollars) boosted by the consolidation of SCS and growing demand for its mobile services in both Singapore and Australia. source: SingTel statement

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