Airtel remained the bright spot: Singtel Chief

In Singtel’s recent business update, CEO Yuen Kuan Moon remarked that Bharti Airtel remained the bright spot among regional associates, Singtel being the largest shareholder in Airtel.

“Airtel remained the bright spot among the regional associates, demonstrating a sustained profit turnaround with strong performances in both India and Africa,” CEO Moon said.

Singtel’s business update stated, “Post-tax contributions from regional associates increased 13%, due mainly to Airtel’s solid profit turnaround which mitigated weaker performance of the other regional associates.”

“The Group also recorded its share of net exceptional gains from Globe and Airtel”, it said.

CT Bureau