SingTel counts Optus in Q3

SingTel counts Optus in Q3

Singapore Telecommunications (SingTel) has posted record revenue of $S4.91 billion ($A5.28 billion) in its third quarter, to December 31, 2001, after including figures from SingTel Optus for the first time.

SingTel revenue without Optus's $S1.21 billion contribution reached $3.71 billion, 1.2 per cent higher than last year. Net profit fell 24.7 per cent tao $1.45 billion.

In Australia, where Optus is the second-largest operator after Telstra, the company is well-positioned to exploit the expected industry consolidation, according to SingTel president Lee Hsien Yang. Optus lost $A39 million during the third quarter, but showed double-digit growth in mobile revenue and data and IP (Internet protocol) services revenue, according to the statement.

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