[Bigiron]

Commentary: Why is Singtel still holding on to troubled Aussie telco Optus?

 https://www.channelnewsasia.com/commenta...102025_cna

[red3]

Cos AUD haven't 0 yet to sgd

[Scythian]

Optus contributing revenue A$8.2 billion in 2023/2024

Paying no taxes to ATO

[Napoleon Porlumpar]

Commentary: Why is Singtel still holding on to troubled Aussie telco Optus?

 https://www.channelnewsasia.com/commenta...102025_cna

save face lor..............otherwise PAP will look bad.............they scared lose votes............

[Niubee]

Optus contributing revenue A$8.2 billion in 2023/2024

Paying no taxes to ATO

Low margin

[Scythian]

Low margin

Optus is a cash cow
In total, Paying no taxes for at least 20 years.

SingTel milking Optus

[Niubee]

Optus is a cash cow
In total, Paying no taxes for at least 20 years.

SingTel milking Optus

Show proof

[Scythian]

Show proof

A 2024 Australian Taxation Office (ATO) win against Singtel: The ATO won a case against Singapore Telecom Australian Investments PTY Limited (SingTel) regarding transfer pricing deductions for loans between its subsidiaries, a case "

There were other cases before 2017

[Scythian]

ATO wins SingTel TP dispute..

"The dispute relates to a A$5.2 billion ($3.63 billion) loan issued pursuant to a loan note issuance agreement entered into on June 28 2002 The agreement was issued as part of deal consideration relating to the acquisition of shares in Singtel Optus. 

In dispute was approximately A$894.7 million of interest deductions relating to the years ending March 31 2010, 2011, 2012 and 2013. 

The agreement was amended three times. The first amendment on December 31 2002 provided that the maturity date in respect of the agreement could not be later than the 10th anniversary of the issue date less one day. 

The second amendment was entered into on March 31 2003."

And third in 2009.

[Niubee]

what is the operating and net margin in % ?

[Scythian]

what is the operating and net margin in % ?

Go Search yourself

[Scythian]

what is the operating and net margin in % ?

Do you think SingTel in Singapore can earn S$ 8 billion  one year from 6 mio people alone?

Impossible in a tiny fishing village

[Scythian]

Optus, the goose that laid the golden egg

Or SingTel becomes a church mouse

[Niubee]

Do you think SingTel in Singapore can earn S$ 8 billion  one year from 6 mio people alone?

Impossible in a tiny fishing village

Is Optus profitable?
AI Overview
No, Optus is not currently profitable at the net profit level, but it is showing signs of operational recovery with increasing EBIT and EBITDA. In the fiscal year ended March 31, 2025, Optus's operating profit (EBIT) surged by 55% to A$446 million, driven by mobile price increases. However, it is still operating at a loss when considering net profit, largely due to significant capital investments in its network infrastructure and operating expenses.
Current financial status

    Operating profit (EBIT): Surged 55% year-on-year to A$446 million in the fiscal year ended March 31, 2025.

Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA): Increased by 5.7% in FY2025.
Net profit: Not profitable. The company has been in a "negative tax position" due to high infrastructure and operating expenses, and has not been profitable at the net profit level since FY2020.

[watchfirst9]

Optus contributing revenue A$8.2 billion in 2023/2024

Paying no taxes to ATO

Is it since Lee Hsien Yang time? 

[Niubee]

Scythian absolutely must explain why Australia Telco is not profitable when Singtel have invested so much. Is it parasites high labour cost?

[Scythian]

Is Optus profitable?
AI Overview
No, Optus is not currently profitable at the net profit level, but it is showing signs of operational recovery with increasing EBIT and EBITDA. In the fiscal year ended March 31, 2025, Optus's operating profit (EBIT) surged by 55% to A$446 million, driven by mobile price increases. However, it is still operating at a loss when considering net profit, largely due to significant capital investments in its network infrastructure and operating expenses.
Current financial status

    Operating profit (EBIT): Surged 55% year-on-year to A$446 million in the fiscal year ended March 31, 2025.

Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA): Increased by 5.7% in FY2025.
Net profit: Not profitable. The company has been in a "negative tax position" due to high infrastructure and operating expenses, and has not been profitable at the net profit level since FY2020.

Creative accounting 

Tax avoidance champion

[Niubee]

Creative accounting 

Tax avoidance champion

Report the auditors to Australia authority now. Awaiting

[Scythian]

Report the auditors to Australia authority now. Awaiting 

Somewhere someone lied

[Scythian]

Report the auditors to Australia authority now. Awaiting 

The Australian Taxation Office (ATO) has been successful in the Full Federal Court decision of Singapore Telecom Australian Investments PTY Limited (SingTel) vs Commissioner of Taxation.

This decision confirms SingTel claimed a transfer pricing benefit for deductions based on interest paid on loans between two of its subsidiaries regarding its acquisition of Optus in 2002.

Deputy Commissioner Rebecca Saint said this decision is another substantial win for the ATO and the Tax Avoidance Taskforce.

The impact of the Tax Avoidance Taskforce in the market has been to reduce the proliferation of profit shifting, including transfer mispricing. ATO intervention has resulted in taxpayers shifting their tax position and increasing their revenues being taxable in Australia.

‘We estimate that the Taskforce has removed around $45 billion of past and future interest deductions from the tax system. This results in billions of dollars of additional tax being collected in Australia,’ said Ms Saint.

Since the Tax Avoidance Taskforce commenced in 2016, it has helped secure more than $29.5 billion in additional tax revenue from multinational enterprises, large public and private businesses."

[Scythian]

SingTel paid her long overdue taxes to ATO but maintain her innocence.

[Scythian]

SingTel paid her long overdue taxes to ATO but maintain her innocence.

Proven SingTel is a great Singapore Govt company keeping in line with national integrity.

"Singapore abides by International Law and rule of law."

PM Lee (2017)

[Scythian]

Proven SingTel is a great Singapore Govt company keeping in line with national integrity.

"Singapore abides by International Law and rule of law."

PM Lee (2017)

[Niubee]

Optus not profitable since 2020. Cash burner

[Scythian]

Optus not profitable since 2020. Cash burner

Aiyo simple maths you also blur

Last week, SingTel press release has invested A$ 9 bil in Optus for last 5 years

Optus earning average A$ 8.5 bil per year X 5 years = A$ 42.5 billion.

SingTel provided Provision for some ??? expenditure submerging Optus into RED thus, Pays no tax to ATO.

[Niubee]

Aiyo simple maths you also blur

Last week, SingTel press release has invested A$ 9 bil in Optus for last 5 years

Optus earning average A$ 8.5 bil per year X 5 years = A$ 42.5 billion.

SingTel provided Provision for some ??? expenditure submerging Optus into RED thus, Pays no tax to ATO.

Use revenue as profit. You liar dickhead

[Scythian]

Use revenue as profit. You liar dickhead 

You want to see is it?

[Niubee]

You want to see is it?

I only want official statements and doc.

[Scythian]

I only want official statements and doc.

I take a photo and send to you ok

Since Singtel accepted the Commissioner's findings and agreed to pay overdue taxes in full, who are we to dispute the case?

[Niubee]

I take a photo and send to you ok

Since Singtel accepted the Commissioner's findings and agreed to pay overdue taxes in full, who are we to dispute the case?

https://cdn2.singteldigital.com/content/...l-AR25.pdf

Singtel intentionally hide Optus NET PROFIT because of losses.