Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Singapore Telecommunications Limited    STEL   SG1T75931496

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

SingTel's Optus Plans To Cut 750 Jobs In Company Restructure

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/02/2012 | 01:52am CEST

The Australian arm of Singapore Telecommunications Ltd. (SGAPY), Optus, said Wednesday it plans to cut about 750 jobs in a restructure of the business.

Optus said in a statement it expects a one-time charge of about 37 million Australian dollars (US$38.2 million) relating to the job cuts.

It said the restructure aimed to drive greater efficiencies and would see the removal of a number of areas of duplication. Most of the job cuts are expected to come from senior and middle management as well as operations, back office and support functions, Optus said.

"By creating a more efficient organization with a renewed focus on the customer, we will be able to compete more effectively," said Kevin Russell, Optus Chief Executive of Consumer Australia.

-By Gavin Lower, Dow Jones Newswires; 61-3-9292-2095; [email protected]

Stocks mentioned in the article
ChangeLast1st jan.
SINGAPORE TELECOMMUNICATIONS LIMITED 0.29% 3.42 End-of-day quote.-4.47%
TELSTRA CORPORATION LTD 0.32% 3.09 End-of-day quote.-15.15%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SINGAPORE TELECOMMUNICATIO
04/12SINGAPORE TELECOMMUNICATIONS : Etisalat, Singtel, Softbank and Telefonica create..
PU
04/10SINGAPORE TELECOMMUNICATIONS : Singtel and VMware to accelerate digital transfor..
PU
04/04SINGAPORE TELECOMMUNICATIONS : Singtel Tops Corporate Governance, Wins Board Div..
AQ
03/27OTT SUMMIT - DAY 2 : Customer retention is key
AQ
03/21SINGAPORE TELECOMMUNICATIONS : Singtel Collaborates With Twilio to Extend IoT Re..
AQ
03/07SINGAPORE TELECOMMUNICATIONS : Singtel Innov8, NUS to Create Singapore's First R..
AQ
03/06SINGAPORE TELECOMMUNICATIONS : Singtel Innov8, NUS to Create Singapore's First R..
AQ
03/01SINGAPORE TELECOMMUNICATIONS : Singtel, Ericsson Roll Out Singapore's First Comm..
AQ
02/14SINGAPORE TELECOMMUNICATIONS : Singtel's Chinese New Year video goes viral, cros..
PU
02/12SINGAPORE TELECOMMUNICATIONS : Singtel, Ericsson first-in-world to achieve 1Gbp ..
PU
More news
News from SeekingAlpha
03/05The Trade Desk And Its Competitive Landscape 
02/11Singtel's (SGAPY) CEO Chua Sock Koong on Q3 2018 Results - Earnings Call Tran.. 
02/08Singapore Telecommunications Ltd. ADR 2017 Q4 - Results - Earnings Call Slide.. 
02/07Singapore Telecommunications Ltd. ADR reports Q3 results 
02/06SINGPOST : Get In At A Discount From Alibaba 
Financials ( SGD)
Sales 2018 17 484 M
EBIT 2018 3 142 M
Net income 2018 4 789 M
Debt 2018 9 836 M
Yield 2018 5,86%
P/E ratio 2018 12,07
P/E ratio 2019 14,26
EV / Sales 2018 3,75x
EV / Sales 2019 3,68x
Capitalization 55 682 M
Chart SINGAPORE TELECOMMUNICATIO
Duration : Period :
Singapore Telecommunicatio Technical Analysis Chart | STEL | SG1T75931496 | 4-Traders
Technical analysis trends SINGAPORE TELECOMMUNICATIO
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 4,16  SGD
Spread / Average Target 22%
EPS Revisions
Managers
NameTitle
Sock Koong Chua Group CEO & Non-Independent Executive Director
Simon Claude Israel Chairman
Cheng Cheng Lim Group Chief Financial Officer
Chin Kok Chong Group Chief Technology Officer
Peter Mason Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SINGAPORE TELECOMMUNICATIONS LIMITED-4.47%42 357
VERIZON COMMUNICATIONS-8.07%195 407
NIPPON TELEGRAPH AND TELEPHONE CORP-4.06%100 658
DEUTSCHE TELEKOM-3.92%82 165
TELEFONICA1.53%52 623
ORANGE1.97%48 239