SingTel: may see some overhang, as Australia's hung parliament could cloud broadband prospects for telco's Optus unit. Australian opposition leader Tony Abbott has proposed substantially scaling down PM Gillard's proposed network, which could cost up to A$43bn. If the eventual ruling party uses a smaller-scale network and reduces govt funding, mkt watchers are concerned that Optus might have to stump up with a lot more money to build their own infrastructure...
The majority of Street has a neutral view, although range of Street target prices is rather wide at $2.82 - $3.75.
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