SingTel: News largely expected. Singtel’s wholly-owned Optus has reached an A$800m agr with the govt to migrate its customers to the NBN. Optus’ migration will commence in 2014 and payment will be received progressively on migration. Telstra, the competitor to Optus, has also reached an $11b agr with the Aus govt to rollout the NBN. Both Telstra and Optus will gradually phase out their copper wire network…
Currently the Optus unit and Australia is the greatest contributor to co’s EBITDA, with approx 30% FY11 share of rev at $2.9b. Singtel has fwd P/E of 12.2x with div yield of 5.1% compared to Starhub at 15.3x with div yield of 7.3% and M1 at 13.4x with div yield of 5.6%.
No comments:
Post a Comment