Telecom & Internet

Singaporeans spent over US$100m on mobile games in 3Q23 alone.

App spending rose by US$3.73m within a year.

Singapore will shut down its 3G services by 31 July 2024.

The company has tapped Drew & Napier and Blackpanda as partners for the programme.

It also includes the full exercise of the underwriters' option to purchase an additional seven million shares.

The global investment company will commit up to $1.1b.

EBITDA growth was moderate due to higher operating costs.

DC Tuas will offer 58 megawatts (MW) of IT load capacity.

Service revenue guidance has been lowered to 3%-5%, from 8%-10% before.

Mobile operators will take proactive measures to help 3G users shift to newer networks.

This will help customers gain real-time insights and support their operations.

The partnership comprises three elements.

Optus CEO Kelly Rosamarin said the deal was an “anti-competitive arrangement.”

Singtel’s Optus said the decision will be beneficial to Australians.

Cash dividends from associates are expected to decline in 2023.

The company attributed the increase to growth across all its segments.