Singtel board grilled on debt, cybersecurity in three-hour AGM

Singapore

SINGTEL investors girded up to cross-examine directors at the annual general meeting (AGM) on Tuesday, in a three-hour session tackling everything from the telco's performance to cyber security and digital technology.

A number of shareholders pressed the board on the state of Singtel's earnings and balance sheet, calling attention to a gross debt of S$10.3 billion for the year to March 31, 2018.

But board chairman Simon Israel and group chief executive Chua Sock Koong both cited "conservative treasury policies", with Ms Chua noting the mix of bon…