No success in telcos' fight to grow profits
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Annabeth Leow
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LOCAL telcos Singtel and StarHub both turned in double-digit declines in underlying earnings for the latest reporting period - outpacing the dips in their revenues.
Their report cards put them in a pool of developed market network providers struggling to stay relevant and profit from their years of infrastructure investments.
Although demand for connectivity is high, telcos have not been able to grow their share of the profit pool - nor attract their share of investors.
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