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Fitch flags reduced visibility on Singtel's free cash flow as growth slows

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Fitch estimates Singtel's capex-to-revenue ratio to be at 14 to 17 per cent over the next three years, compared with 11 per cent in FY19.

Singapore

FITCH Ratings on Wednesday said Singtel's weaker-than-expected growth prospects and potential for higher capital expenditure for the 5G standalone network in Singapore are likely to reduce visibility on the group's free cash flow.

This comes after the agency had in...

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