News
TELECOM & INTERNET | Staff Reporter, Singapore
view(s)

Telco report card: Which amongst the players delivered in Q4?

Only one telco did.

In the battle of telcos for the past quarter, only Singtel emerged as the winner, with a net profit up 2% to $973m.

"Singtel continued to deliver, with 3QFY17 results in line with expectations. The Singapore consumer business saw growth in broadband and pay-TV, as well as cost containment," a report from UOB KayHian said.

Its regional mobile associates, including Telkomsel, performed aboe expectations as well. Telkomsel’s mobile subscribers expanded 14% yoy while data revenue grew 28% YoY.

Meanwhile, the report noted that the IPO of NetLink Trust could provide special dividends of up to 17.5 Singapore cents/share and has to be completed by Apr 18.

On the other hand, StarHub is on the losing end, with its net profit slumping 33.2% to $54m in the past quarter due to a combination of higher handset subsidies, less grants from NGNBN and a one-off provision for restructuring.

"As a result, the group reduced its dividend guidance from 5 Singapore cents to 4 Singapore cents/quarter for 2017," UOB said.

M1 also recorded a decline in net profits, down 27.1% to 31.8m, as OTT services eat up marketshare of international call and roaming. 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.