SingTel loses due to Bharti investment

SingTel loses due to Bharti investmentDespite a 31.5% decrease in earnings over the first quarter of 2011, SingTel remains confident about its long-term investment in Indian telecom Bharti.  The losses forced SingTel’s numbers to decrease 2.2% this quarter as well.  Bharti has struggled while it implements 3G coverage in the world’s largest mobile phone market, and because of its holdings in Africa.

Regardless, SingTel believes that they will benefit in the long-term due to its partnership with Bharti.  The majority of its profits are derived from its customers in Australia and Singapore, where earnings were reported in the single digits.  However, the company believes the most growth potential lies in its dealings in India and Africa.

 



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Despite a 31.5% decrease in earnings over the first quarter of 2011, SingTel remains confident about its long-term investment in Indian telecom Bharti.  The losses forced SingTel’s numbers to decrease 2.2% this quarter as well.  Bharti has struggled while it implements 3G coverage in the world’s largest mobile phone market, and because of its holdings in Africa. Regardless, SingTel believes that they will benefit in the long-term due to its partnership with Bharti.  The majority of its profits are derived from its customers in Australia and Singapore, where earnings were reported in the single digits.  However, the company believes the...

SingTel loses due to Bharti investmentDespite a 31.5% decrease in earnings over the first quarter of 2011, SingTel remains confident about its long-term investment in Indian telecom Bharti.  The losses forced SingTel’s numbers to decrease 2.2% this quarter as well.  Bharti has struggled while it implements 3G coverage in the world’s largest mobile phone market, and because of its holdings in Africa.

Regardless, SingTel believes that they will benefit in the long-term due to its partnership with Bharti.  The majority of its profits are derived from its customers in Australia and Singapore, where earnings were reported in the single digits.  However, the company believes the most growth potential lies in its dealings in India and Africa.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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