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.

Follow Us

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Show Comments