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BRIEF-Singapore Telecommunications Sees FY Capital Expenditure To About S$2.1 Bln

Published 13/02/2020, 09:54 am
© Reuters.  BRIEF-Singapore Telecommunications Sees FY Capital Expenditure To About S$2.1 Bln
STEL
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Feb 13 (Reuters) - Singapore Telecommunications Ltd STEL.SI :

* SEES FY CAPITAL EXPENDITURE TO APPROXIMATE S$2.1 BILLION

* SEES FY FREE CASH FLOW (EXCLUDING SPECTRUM PAYMENTS AND DIVIDENDS FROM ASSOCIATES) TO BE AROUND S$2.3 BILLION

* SEES FY REVENUE FROM ICT SERVICES TO GROW BY LOW SINGLE DIGIT

* SEES FY GROUP REVENUE TO BE STABLE AND EBITDA TO DECREASE BY LOW SINGLE DIGIT

* SEES FY CYBER SECURITY REVENUE TO INCREASE BY MID SINGLE DIGIT

* FOR FY, OPERATIONS WILL CONTINUE TO FACE INTENSE COMPETITION & CARRIAGE DECLINES AMID WEAK BUSINESS,CONSUMER SENTIMENT

* EXPECT LOWER EQUIPMENT SALES AND MORE SALES OF LOWER MARGIN DEVICES TO CONTINUE INTO Q4

* IN SINGAPORE, SINGTEL WILL SUBMIT ITS 5G PROPOSAL TO GOVERNMENT LATER THIS MONTH

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