Singtel remains ‘fully behind’ Optus despite outages and lacklustre returns
Singtel chief says it has to ‘work very hard to rebuild the trust and the confidence’ the outages have taken
[SINGAPORE] Minority shareholders of Singtel might be concerned over its investment in beleaguered Australian telco Optus, given the recent emergency call outage which resulted in fatalities.
Additionally, Optus’ return on invested capital (ROIC) stood at 1.7 per cent over the past five years – the lowest among Singtel’s business units. The company did not release specific ROIC figures for the other units.
This was disclosed by Singtel at a media briefing on Wednesday (Nov 12), following the announcement of its results.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.