SingTel Beginning to See Stability in Indian Telecom Market
February 14, 2013 6:24 PM EST
Singapore Telecommunications Ltd (SingTel) (STEL.SI) said on Thursday it has seen the beginning of some stability in the Indian telecom market partly as its associate Bharti AirtelLtd(BRTI.NS) has begun to remove discounts on its services.
SingTel's CEO Chua Sock Koong told a news conference that Bharti's decision to remove some discounts will be positive for average revenue per user or ARPU trend.
SingTel, Southeast Asia's largest telecommunications operator, posted an 8.3 percent fall in third-quarter net profit as weakness in India and the strong Singapore dollar offset improved results from Thailand and Indonesia.
Most Popular Slideshows
- Gennady Golovkin Next Fight Options: Canelo Alvarez, Miguel Cotto Or Julio Cesar Chavez Jr.
- NFL MNF: Pittsburgh Steelers 30, Houston Texans 23 [PHOTOS]
- 2014 MLB World Series Game 1: San Francisco Giants 7, Kansas City Royals 1 [PHOTOS]
- 2014 MLB World Series - Game 2: Kansas City Royals 7, San Francisco Giants 2 [PHOTOS]
Join the Conversation
- Boy Stoned To Death For Alleged Rape, Victim Receives Dowry From Militants
- No Mercy: ISIS, Father Stones to Death Daughter for Alleged Adultery
- ASUS Releases A Teaser Indicating The Arrival of New Zenfone and ZenWatch On October 28
- Russia is Creating Underwater Combat Robots to Protect its Arctic Territories
- Three Dual SIM Samsung Galaxy Note 4 Duos Variants Comes To China
- iOS 8 Jailbreak Release Date is Doomed as Team Evad3rs Opts Out, Pangu Hits Snag – Report
- Google Nexus 6 vs. iPhone 5S: 4 Important Things to Consider Before Switching to Android Lollipop