SingTel on the rise
Singapore Telecommunications has improved its first-half net profit by 5.9 per cent, compared to the same period last year, to $S1.18 billion ($A1.25 billion) on slightly higher revenue of $S2.5 billion. The company's first-half results do not include Cable & Wireless Optus, which SingTel bought in August. SingTel said contributions of recent acquisitions, such as Optus, will cause the share of SingTel's revenue earned outside Singapore to top 50 per cent for the first time when the figures are combined. The company added that it expects to see the pace of new regional acquisitions to slow in the future. SingTel expects cash savings of $S300 million over the next 18 months from the Optus purchase.
Lucent dumps services
Lucent Technologies has said it plans to sell its 1400-worker enterprise professional services division by the end of the year, as it continues to restructure its business in a tough market. The group was previously part of International Network Services, a company that merged with Lucent in October 1999. It serves more than 600 customers in North America and Europe and ranks as the third-largest network services player in the US, according to IDC. The division provides network consulting, design and integration services to Lucent customers in the Fortune 100 ranks.
Telstra touts hosting
Telecommunications giant Telstra is reporting revenue growth of over 100 per cent for its hosting services division. The carrier is hoping newly announced managed services, such as storage and antivirus service provision, will add sufficient value to its Web hosting and streaming business to capture an even larger share of the market. Telstra recently signed an agreement with EMC for managed data storage services, and has a similar arrangement in place with Network Associates subsidiary Trend Micro for hosted antivirus solutions.