Singapore has one of the highest rates of mobile and Internet penetration in the world, and households worldwide. Its government sets aside over S$1 billion yearly on ICT tenders and recognizes the importance of "skills, innovation and productivity" in ensuring economic growth.

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SingTel reports 4Q net profit climb, revenue drop

SingTel reports 4Q net profit climb, revenue drop

Singapore telco clocks 4 percent increase in net profit but sees revenue drop of 8 percent, closing the year with S$3.65 billion in net profit and lower operating revenue of S$16.85 billion. Growth was muted by weakening regional currencies.

published May 14, 2014 by


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