[klat]

Question: Can the Board elaborate on what it means by “unlocking the value of infrastructure assets” as stated in its strategic reset announcement on 27 May 2021? What is the timeline for this?

Answer (GCFO):
This is an important initiative for Singtel under our strategic reset. We are currently reviewing our extensive portfolio of quality infrastructure assets, which are increasing in value given the rising connectivity and digitalisation needs in many parts of the world. These assets include data centres, telco towers, subsea cables and satellites. We are keen to bring in the right partners to co-invest and grow the infrastructure business with us.

As an operator and user, our experience, customer relationships and the demand would contribute to the growth of the business in the next few years. Furthermore, with these asset classes trading at higher multiples than telcos, we can crystallise the value of these assets and reinvest the proceeds to carry on the growth of the business. Singtel will share more on these initiatives in the coming months.

New ceo will revitalise singtel to greater high.

Lets see what creative ideas his team have