SINGAPORE (Nikkei Markets) -- Singapore Telecommunications' net profit sank to a 16-year low in the quarter ended June as losses at Indian associate Bharti Airtel added to the pressures faced by Southeast Asia's largest mobile services provider.
However, price stability has returned to the fiercely competitive Indian mobile market, Arthur Lang, CEO International, said at a results briefing, adding that Airtel's latest quarterly loss, its first in over a decade, masked a recovery in revenue and average revenue per user.
