Moody's: SingTel unchanged

Moody's Investors Service said that Singapore Telecommunications Ltd.'s (SingTel) financial results for the year that ended March 31 were generally in line with expectations and have no immediate impact on the company's Aa2 rating.

The outlook remains stable.

SingTel reported healthy year-over-year revenue growth bolstered by strong additions in post-paid smart phone subscribers in both Singapore and Australia, Moody's said, as well as solid performance in the company's data and internet businesses.

Rising costs were particularly evident for the Singapore-based operation, where reported margins fell by some 300 basis points year-on-year, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.