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Nikkei Markets

StarHub shares find favor after upside surprise from earnings

Cost cuts help but pressure on mobile, TV revenue remains

A man talks on his mobile phone as he walks past a StarHub shop in Singapore.   © Reuters

SINGAPORE (Nikkei Markets) -- Investors have warmed to StarHub following its quarterly results, which were well above expectations partly due to cost cuts. But a recovery is far from assured for Singapore's second-largest telecommunications company as it grapples with pressures from the intensely competitive mobile phone and pay TV markets.

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