SINGAPORE (Nikkei Markets) -- Singapore Telecommunications remained optimistic about prospects in India and said it is prepared to invest more money there, even as it reported a whopping quarterly loss due to the problems faced by its Indian associate.
Singtel, which owns Optus in Australia and has large stakes in several mobile operators in Asia, reported a net loss of 668 million Singapore dollars ($491.3 million) for the three months ended September, its first-ever loss on a quarterly basis.
