ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Singapore Telecommunications Ltd.

Company Background

Formerly the public telephone authority, Singapore Telecommunications (SingTel) was privatized in 1992, before it listed the shares on the Singapore Exchange in 1993. Temasek Holdings, Singapore's sovereign wealth fund, holds a majority of the shares. The group's chief executive, Chua Sock Koong, joined the company in 1989. She was chief financial officer before taking over as CEO in 2007. Forbes magazine ranked her as one of the world's 100 most powerful women in 2014.

SingTel Group makes most of its money outside Singapore, through major telecommunication affiliates. Not only does it own Optus of Australia, it also partially owns Bharti Airtel of India, Telekomunikasi Selular of Indonesia, Advanced Info Service of Thailand, Globe Telecom of the Philippines and Pacific Bangladesh Telecom of Bangladesh. The company has been making a series of acquisitions in the digital advertisement industry through Amobee, a former Silicon Valley-based ad agency wholly owned by SingTel since 2012.

Business Summary

Singapore Telecommunications Ltd. is an investment holding company, which engages in the provision of telecommunications systems and services. It operates through the following segments: Group Consumer, Group Enterprise, Group Digital Life, and Corporate. The Group Consumer segment includes mobile, pay TV, fixed broadband and voice, as well as equipment sales. The Group Enterprise segment provides services include mobile, equipment sales, fixed voice and data, managed services, cloud computing, cyber security, information technology, and professional consulting. The Group Digital Life segment focuses on digital marketing, regional premium over-the-top video, and advanced analytics and intelligence capabilities. The Corporate segment comprises the costs of Group functions not allocated to the business segments. The company was founded on March 28, 1992 and is headquartered in Singapore.

Financial Highlights

Mar 2023 SGDUSD
Gross Profit2,834.50M2,062.72M
Operating income916.70M667.10M
Income before tax979.60M712.87M
Net income2,225.10M1,619.25M
Diluted EPS0.130.09
Dividends Per Share0.140.10
Total Assets46,530M34,996.80M
Total liabilities21,528.30M16,192.16M
Total equity24,985.50M18,792.44M
Operating cash flow4,405.10M3,205.68M
Currency in SGDCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 17,371.70M 16,542.30M 15,644M 15,339.10M 14,624.40M
Gross Profit 4,717.60M 3,869.30M 2,912M 2,828.70M 2,834.50M
Operating income 2,245M 1,782.30M 898.20M 887.60M 916.70M
Income before tax 2,183.20M 287.10M -522.90M 1,096M 979.60M
Net income 3,094.50M 1,074.60M 553.70M 1,948.50M 2,225.10M
EBITDA 4,467.20M 4,362.60M 3,583M 3,610.10M 3,490.80M
Diluted EPS 0.18 0.06 0.03 0.11 0.13
Dividends Per Share 0.17 0.12 0.07 0.09 0.14
Total Assets 48,914.80M 48,954.90M 47,998.40M 49,131M 46,530M
Total liabilities 19,105.10M 22,140.90M 21,487M 22,034.30M 21,528.30M
Total equity 29,837.80M 26,789.20M 26,485.80M 27,080.10M 24,985.50M
Operating cash flow 4,989.80M 5,508.50M 5,231.70M 4,902.80M 4,405.10M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 12,791.29M 12,057.99M 11,449.92M 11,373.59M 10,642.47M
Gross Profit 3,473.70M 2,820.40M 2,131.30M 2,097.41M 2,062.72M
Operating income 1,653.05M 1,299.15M 657.39M 658.13M 667.10M
Income before tax 1,607.55M 209.27M -382.71M 812.65M 712.87M
Net income 2,278.57M 783.29M 405.25M 1,444.76M 1,619.25M
EBITDA 3,289.33M 3,179.98M 2,622.41M 2,676.80M 2,540.32M
Diluted EPS 0.13 0.04 0.02 0.08 0.09
Dividends Per Share 0.12 0.08 0.05 0.06 0.10
Total Assets 36,112.80M 34,382.06M 35,723.72M 36,303.24M 34,996.80M
Total liabilities 14,104.90M 15,550.02M 15,992.11M 16,281.30M 16,192.16M
Total equity 22,028.64M 18,814.62M 19,712.56M 20,009.67M 18,792.44M
Operating cash flow 3,674.13M 4,015.25M 3,829.10M 3,635.31M 3,205.68M

Valuation Measures

Mar 2023
Operating margin6.26%
Profit margin15.21%


  • Group Chief Executive Officer & Executive Director: Kuan Moon Yuen
  • Group Chief Financial Officer: Tao Yih Lang
  • Group Chief Information & Digital Officer: Siew Wing Woo
  • Group Chief Technology Officer: Jorge Capelas Fernandes
  • Head-Carrier Sales & Voice Support: Kian Soon Lim


  • Temasek Holdings Pte Ltd. (Investment Company) (52.5%)
  • Central Provident Fund (4.7%)
  • The Vanguard Group, Inc. (1.5%)
  • Capital Research & Management Co. (World Investors) (1.1%)
  • Emirates Investments Group LLC (1.1%)
  • Capital Research & Management Co. (Global Investors) (1.0%)
  • Capital International Ltd. (0.9%)
  • BlackRock Fund Advisors (0.9%)
  • Norges Bank Investment Management (0.7%)
  • Schroder Investment Management Ltd. (0.5%)

Contact Details

  • Website:
  • Address: 31 Exeter Road, Comcentre, Singapore, 239732, Singapore
  • Phone: +65.6838.3388

Related Companies

  • ST Dynamo Investment Holdings Pte Ltd.
  • Singapore Telecommunications Ltd. /Data Centre Businesses/
  • Australia Tower Network Pty Ltd.
  • Group Enterprise Pte Ltd.
  • Consumer Journeys Pte Ltd.
  • Singapore Telecom Hong Kong Ltd.
  • STI Solutions (Shanghai) Co., Ltd.
  • Trustwave SecureConnect, Inc.
  • Amobee Ltd.
  • Optus ADSL Pty Ltd.
  • Optus Content Pty Ltd.
  • Optus Wholesale Pty Ltd.
  • HOOQ Digital (Thailand) Co. Ltd.
  • SingCash Pte Ltd.
  • Singtel Cyber Security (Singapore) Pte Ltd.
  • Singtel Australia Investment Ltd.
  • Amobee Asia Pte Ltd.
  • Integrated Digital Mall Pte Ltd.
  • HOOQ Holdings Pte Ltd.
  • SingTel Singapore Pte Ltd.
  • SingTel ICT Pte Ltd.
  • SingTel Mobile Singapore Pte Ltd.
  • Optus Cyber Security Pty Ltd.
  • GB21 (Hong Kong) Ltd.
  • DSpark Pty Ltd.
  • NCS Information Technology (Suzhou) Co., Ltd.
  • NCSI (Australia) Pty Ltd.
  • NCSI (Chengdu) Co., Ltd.
  • NCSI (HK) Ltd.
  • NCSI (Malaysia) Sdn. Bhd.


  • TPG Telecom Limited
  • APT Satellite Holdings Limited
  • Qualys, Inc.
Last Updated on 22 Sep, 2023

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more