23-08-2018, 05:29 PM
Potential union of Australian telecom rivals a boost for Singtel
By: Bloomberg
23/08/18, 02:57 pm
SINGAPORE (Aug 23): A potential marriage between two rivals in Australia could bring joy to Southeast Asia’s largest telco, Singapore Telecommunications.
A merger between Vodafone Hutchison Australia and TPG Telecom would see Singtel facing less competition in Australia, where it generates over half of its revenues.
“If a deal does proceed, we believe it would be positive for Singtel’s Australian business, Optus," Citigroup Global Markets Inc.’s analyst Arthur Pineda writes in a note.
Singtel shares surged as much as 7.5% on Thursday, the most since May 2009 after Vodafone Hutchison and TPG Telecom said they were in “exploratory” discussions for a potential merger.
A deal would also have implications for Singtel’s domestic market of Singapore as a TPG Telecom unit won the bid to become the city-state’s fourth mobile-phone operator.
More details in https://www.theedgesingapore.com/potenti...st-singtel
By: Bloomberg
23/08/18, 02:57 pm
SINGAPORE (Aug 23): A potential marriage between two rivals in Australia could bring joy to Southeast Asia’s largest telco, Singapore Telecommunications.
A merger between Vodafone Hutchison Australia and TPG Telecom would see Singtel facing less competition in Australia, where it generates over half of its revenues.
“If a deal does proceed, we believe it would be positive for Singtel’s Australian business, Optus," Citigroup Global Markets Inc.’s analyst Arthur Pineda writes in a note.
Singtel shares surged as much as 7.5% on Thursday, the most since May 2009 after Vodafone Hutchison and TPG Telecom said they were in “exploratory” discussions for a potential merger.
A deal would also have implications for Singtel’s domestic market of Singapore as a TPG Telecom unit won the bid to become the city-state’s fourth mobile-phone operator.
More details in https://www.theedgesingapore.com/potenti...st-singtel