Singtel's quarterly revenue down 1.5%, profit up 2%

(Telecompaper) Singapore Telecommunications (Singtel) saw its operating revenue fell 1.5 percent year-on-year to SGD 4.41 billion for the quarter ended 31 December 2016, impacted by the decline in mobile termination rates. Excluding the rates change, revenue would have increased by 3 percent, Singtel said. With higher exceptional losses, net profit grew 2 percent to SGD 973 million, and would be stable in constant currency terms.