KONTAN.CO.ID - SINGAPORE. Telco Singtel on Thursday posted its lowest profit in at least two decades following a S$1.18 billion ($892 million)impairment charge, and said it was exploring options for its infrastructure assets that include towers, satellites, subsea cables and data centres. Faced with slowing growth in its traditional carrier business, Singapore Telecommunications - Southeast Asia's largest telecoms operator - has been trying to diversify for years. But some investments such as those in digital marketer Amobee and cyber-security firm Trustwave yielded weaker-than-expected returns, forcing writedowns that largely accounted for Singtel's exceptional charges this year.
Singtel weighs options for assets after decades-low annual profit
KONTAN.CO.ID - SINGAPORE. Telco Singtel on Thursday posted its lowest profit in at least two decades following a S$1.18 billion ($892 million)impairment charge, and said it was exploring options for its infrastructure assets that include towers, satellites, subsea cables and data centres. Faced with slowing growth in its traditional carrier business, Singapore Telecommunications - Southeast Asia's largest telecoms operator - has been trying to diversify for years. But some investments such as those in digital marketer Amobee and cyber-security firm Trustwave yielded weaker-than-expected returns, forcing writedowns that largely accounted for Singtel's exceptional charges this year.
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