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Singtel's FY net profit plunges 65% on charges for regulatory costs at Indian unit Airtel

2020-05-28 13:44:00| Telecompaper Headlines

(Telecompaper) Net profit fell 65 percent to SGD 1.08 billion due to Airtel's exceptional charges for regulatory costs, including the adjusted gross revenue matter and a one-time spectrum charge. Singtel took a net exceptional charge of SGD 302 million this quarter, mainly arising from Airtel's provision for the spectrum charge. 

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