Singapore Telecommunications (Singtel) reported a 12 per cent rise in annual underlying profit on Thursday (May 21), driven by strong contributions from India’s Bharti Airtel and other regional associates.
Post-tax profit contributions from regional associates, including Airtel, Thailand’s Advanced Info Service (AIS) and Indonesia’s Telkomsel, rose 11 per cent to S$1.96 billion (US$1.53 billion).
Singtel unit Optus’ operating revenue increased by 2 per cent, driven by postpaid price rises and higher revenue from a regional network-sharing arrangement.
