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Optus helps SingTel post strong profit

Brian Karlovsky | Feb. 13, 2014
SingTel has reported strong third quarter earnings despite adverse movements in the Australian dollar, helped out by the Optus' profit boost.

"Our strategy to deliver long-term growth by enhancing the efficiencies of the core business and creating new growth platforms in the digital space is tracking well."

Revenue for group consumer is now expected to decline by low double digits and group enterprise by low single-digits.

Cash capital expenditure is projected to be about S$2.2 billion, due to the currency translation effect and delayed spending.


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