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Singtel plans more ASEAN investment to cash in on boom

Telecom's profit halves as COVID drags on roaming and prepaid business

Singtel has started such digital investments, including a digital banking joint venture with Singapore's Grab. (Photo by Keiichiro Asahara)

SINGAPORE -- Singapore Telecommunications will raise its investment in digital service companies in Southeast Asia, attempting to seize opportunities in the region, the company said Thursday, as the COVID-19 pandemic weighs on its traditional mobile carrier business.

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