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Nikkei Markets

Singtel quarterly profit at 16-year low due to India losses

Revenue from digital advertising, cybersecurity grows

Singtel's latest results shows the company also suffered higher depreciation and amortisation charges for its network and spectrum.   © Reuters

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.

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