Singtel's regional associates remain good value despite setbacks
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Annabeth Leow
Singapore
MAINBOARD-LISTED telco Singtel, which posts its third-quarter results on Thursday, used to rake in comfortable contributions from its associates, but has taken a beating in recent years as India's Bharti Airtel and Indonesia's Telkomsel struggled.
To make matters worse, Singtel reported a quarterly loss for the first time in November, on its share of Airtel's exceptional provision of S$5.49 billion for an Indian court judgment that ordered operators there to pay the state billions in past dues.
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