Delay tactic doesn't work...
SingNet's application to hold back EPL cross-carriage rejected
SingNet's application to hold back steps to cross-carry Barclays Premier League matches on rival StarHub's set-top boxes has been rejected, reported ChannelnewsAsia.
This means SingNet now has to go ahead with preparations to make the matches available on StarHub's set-top boxes while waiting for the outcome of a larger appeal against cross-carriage directions set by authorities.
http://www.theedgesingapore.com/the-dail...ected.html
for investors in Singtel, I always wonder whether they are looking at telecoms abroad as well.
in my opinion, Vodafone is cheaper than Singtel and have a broader market presence. Now that Verizon Wireless becomes a cash cow for both Verizon Communication and Vodafone, there could be some M&A opportunities. There are a lot of speculations about Verizon Communication buying out Vodafone for more than US$100b.
dividends wise, Vodafone has a yield of 5%, I believe there is no withholding tax from UK government.
Just to confirm what Freedom has said, there is indeed no withholding tax on UK Stocks when purchased by Singaporeans.
I have held my BP Plc shares for quite a few years now and have yet to be hit by withholding tax.
(10-06-2013, 02:05 PM)freedom Wrote: [ -> ]for investors in Singtel, I always wonder whether they are looking at telecoms abroad as well.
in my opinion, Vodafone is cheaper than Singtel and have a broader market presence. Now that Verizon Wireless becomes a cash cow for both Verizon Communication and Vodafone, there could be some M&A opportunities. There are a lot of speculations about Verizon Communication buying out Vodafone for more than US$100b.
dividends wise, Vodafone has a yield of 5%, I believe there is no withholding tax from UK government.
(10-06-2013, 02:05 PM)freedom Wrote: [ -> ]for investors in Singtel, I always wonder whether they are looking at telecoms abroad as well.
in my opinion, Vodafone is cheaper than Singtel and have a broader market presence. Now that Verizon Wireless becomes a cash cow for both Verizon Communication and Vodafone, there could be some M&A opportunities. There are a lot of speculations about Verizon Communication buying out Vodafone for more than US$100b.
dividends wise, Vodafone has a yield of 5%, I believe there is no withholding tax from UK government.
I am in SingTel. I didn't look beyond Asia region at the moment. May be in the near future, when local opportunities run-out...
Not sue why Singtel is selling Optus Satellite, probably to raise cash for investment in Myanmar? It is moving money from slow growth to higher growth market.
However, with the depreciating A$, it is getting less for its sales now, if the sales is successful.
(12-06-2013, 10:15 AM)Ben Wrote: [ -> ]Not sue why Singtel is selling Optus Satellite, probably to raise cash for investment in Myanmar? It is moving money from slow growth to higher growth market.
However, with the depreciating A$, it is getting less for its sales now, if the sales is successful.
The last exchange rate used was 1 A$ = S$1.22, the latest rate min ago is 1 A$ = s$ 1.18. IMO, the drop is not much for a serious concern.
(12-06-2013, 10:29 AM)CityFarmer Wrote: [ -> ] (12-06-2013, 10:15 AM)Ben Wrote: [ -> ]Not sue why Singtel is selling Optus Satellite, probably to raise cash for investment in Myanmar? It is moving money from slow growth to higher growth market.
However, with the depreciating A$, it is getting less for its sales now, if the sales is successful.
The last exchange rate used was 1 A$ = S$1.22, the latest rate min ago is 1 A$ = s$ 1.18. IMO, the drop is not much for a serious concern.
Depending on how long it takes to conclude the deal, the FX impact may be a concern. If A$ drops to 1 A$ = S$1.15 as many analysts have predicted, it is a 5.7% depreciation compared to 1 A$ = S$1.22. 5.7% X A$2 billion = $114.7M, that is a lot of money IMO.
