Singapore Telecommunications (STEL.SI), Southeast Asia’s biggest telecoms firm, reported a slightly lower-than-expected 18% rise in quarterly profit, driven by strong growth in regional mobile customers.
SingTel, which owns Australia’s second largest telecom firm Optus and controls stakes in mobile operators across Asia, has seen relatively slow growth in its mature markets.
In India, SingTel’s 30%-owned Bharti unit (BRTI.BO) saw 39% growth in its number of mobile subscribers but still faces a cloudy outlook due to an intense price war.
