It is a good move to get the rights to the Barclay Premiership, hopefully the demand will be strong.
But I doubt soccer is the top sport in Australia. The Australian prefer rugby and cricket.
Wonder how much Singtel paid for it..
Singtel secures Premier League broadcast rights for 3 more seasons
Singtel has been the broadcaster for Premier League matches in Singapore since the start of the 2010/2011 season.
SINGAPORE: Local telco Singtel has secured the broadcast rights to all Barclays Premier League matches for the next three seasons, starting from August 2016, it announced on Tuesday (Nov 10)
Said Mr Yuen Kuan Moon, Chief Executive Officer, Consumer Singapore, Singtel: “We are delighted to bring the Barclays Premier League to Singaporeans for another three seasons. Singtel TV fans can be assured that their football experience stays uninterrupted at rates that remain affordable.”
Singtel has been the broadcaster for Premier League matches in Singapore since the start of the 2010/2011 season.
Mr Yuen added: “Since the beginning, our aim was to bring the Premier League and other football properties to as many Singaporeans as possible. Football is for everyone and we intend to work with all relevant parties to make sure fans get access to the best League experience.”
Said Premier League Executive Chairman Richard Scudamore: “We are very pleased that Singtel has again chosen to invest in Premier League broadcasting rights in Singapore. We look forward to working with them for another three seasons.”
- CNA/es
http://www.straitstimes.com/business/com...ls-profits
Aussie dollar slump hits Singtel's profits
Published
2 hours ago
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Q2 earnings down 0.8%; firm susceptible to currency volatility as 70% revenue overseas
[url=http://www.straitstimes.com/authors/jacqueline-woo]Jacqueline Woo
The steep fall in the Aussie dollar capped second-quarter earnings at Singtel despite growth across its markets. Net profit came in at $1.03 billion for the three months to Sept 30, down 0.8 per cent from the $1.04 billion in the same period a year ago. Operating revenue slid 2.9 per cent to $4.18 billion on the back of "currency headwinds". Earnings grew 5 per cent to $1.97 billion for the half year, while operating revenue fell 0.8 per cent to $8.39 billion.
About 70 per cent of Singtel's revenue is derived from outside Singapore, which makes its earnings susceptible to currency movements, including that of the Aussie dollar, which weakened 13 per cent against the Singdollar during the period.
Group chief financial officer Lim Cheng Cheng told a briefing yesterday that while the firm hedges its debts and trade payables, it does not do so for profit and loss-related transactions.
Earnings per share for the quarter came in at 6.46 cents, down from 6.51 cents previously, while net asset value per share stood at $1.54 as at Sept 30, compared with the $1.55 as at March 31 this year.
Singtel declared an interim dividend of 6.8 cents per share, unchanged from last year, or a payout ratio of 58 per cent of its underlying net profit for the half year. It maintained its outlook for full-year earnings, noting revenue for the 12 months to March 31, 2016 will likely grow at a mid single-digit rate while earnings before interest, tax, depreciation and amortisation could expand at a low single-digit rate.
- AT A GLANCE
- NET PROFIT
$1.03 billion (-0.8%)
- OPERATING REVENUE
$4.18 billion (-2.9%)
- DIVIDENDS
6.8 cents (unchanged)
But it cut its forecast for mobile communications revenue in Singapore. This is now expected to deliver a low single-digit growth instead of a mid single-digit rate due to lower contributions from mobile roaming, as customers switch from voice roaming to data roaming services.