Singtel: Australian unit, Optus axes 480 jobs
- To revamp its Aussie consumer and enterprise divisions
- Maintain profitability of Aussie operations as a whole as Singapore operations are expected to see greater competition with potential entrant of a 4th telco
- Aussie operations account for 57% of Singtel's FY15 revenue
Continue to like Singtel for its overseas diversification as well as solid yield. Move is preemptive measure to shore up profitability. +ve.
No comments:
Post a Comment