Temasek-backed telco Singtel weighs investment options after decades-low profit

Photographer: Nicky Loh/Bloomberg

Telco Singtel on Thursday posted its lowest profit in at least two decades following a S$1.18 billion ($892 million) impairment charge, and said it was exploring options for its infrastructure assets that include towers, satellites, subsea cables, and data centres.

Faced with slowing growth in its traditional carrier business, Singapore Telecommunications — Southeast Asia’s largest telecom operator — has been trying to diversify for years.

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