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Singtel’s Q3 profit up 22% driven by Optus, Airtel
Singapore Telecommunications (SingTel) reported a 22% increase in underlying net profit for the third quarter, ending Dec. 31, 2024.
This growth was primarily driven by improved performance from its Australian unit, Optus, and its associate company, India’s Bharti Airtel.
Revenue from Optus, SingTel’s largest source of income, rose by 3% to S$1.86 billion (US$1.39 billion).
Meanwhile, Bharti Airtel, in which SingTel holds a 28.7% equity interest, experienced a nearly sixfold increase in its consolidated net profit for the quarter.
Recent Singapore Telecommunications developments
| Timeline |
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05-Nov-2024 🛡️ Singtel allegedly breached by China-sponsored group
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28-Oct-2020 🏦 Singtel may pour $441m in digital bank JV with Grab, report says
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09-Mar-2020 🎮 Singtel, SK Telecom, AIS pour series A funding in new gaming JV
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22-Aug-2019 🏦 In brief: OCBC, Singtel in talks for virtual bank license, sources say
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06-Nov-2013 🎮 SingTel and PlayPhone to launch mobile gaming portal WePlay
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