Singtel’s Optus headwinds could trigger near-term risks, warn analysts
Maybank Securities expects Singapore telco’s stock to remain range-bound, despite potential setbacks
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[SINGAPORE] A string of crises encountered by Singtel’s Australian unit Optus could derail planned price hikes and increase operational costs, warned analysts.
The cautionary note follows a challenging week for Optus, after an emergency call outage on Sep 18 led to three deaths in Australia.
Adding to its woes was the A$100 million (S$84.6 million) fine it was served by the country’s federal court on Wednesday (Sep 24) for selling phones and contracts to disadvantaged consumers.
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