Singtel secures $3 billion credit for subsidiaries
By MYBRANDBOOK
Singapore Telecommunications (Singtel) subsidiaries have secured close to $3 billion (2.43 billion pounds) in bank credit facilities, it said on Friday. Singtel Group Treasury and A$800 million ($510 million) for its Australian subsidiary Optus Finance. The funds will be used for refinancing and general purposes, Singtel said.
Credit ratings agencies Fitch and S&P Global this year downgraded Singtel, citing weak growth prospects and the potential need for higher capital expenditure.
HOOQ Digital, a video streaming service majority owned by Singtel, last month said it was filing for liquidation while Singtel has said there is no certainty over a mooted A$2 billion sale of Australian telecom towers.
Microsoft to build a new data centre to support Thailand's tec
Microsoft has revealed intentions to construct a regional data centre as w...
SAP launches cloud services to help Indian scaleups innovate m
SAP at SAP unveils now "GROW with SAP for Scaleups," a new cloud service d...
Denodo and Sonata form alliance to unlock data-to-value creati
Denodo and Sonata Information Technology India Limited (SITL) have annou...
Google Play Store will now let users download two apps simulta
Google Play Store now lets users download two apps simultaneously. While a...
FIREBOLTT
TATA CONSULTANCY SERVICES
AGGRESSIVE ELECTRONICS MANUFACTURING SERVICES PVT. LTD.
OPTIEMUS INFRACOM
Technology Icons Of India 2023: Rajiv Srivastava
Rajiv Srivastava is the Managing Director of Redington Group. With 35 ...
Technology Icons Of India 2023: B.V.R. Subrahmanyam
B.V.R. Subrahmanyam belongs to Andhra Pradesh. He is a 1987-batch IAS ...
Technology Icons Of India 2023: Debjani Ghosh
Debjani Ghosh is the first woman president of NASSCOM (the umbrella bo...
EESL encouraging e-mobility adoption across India
Energy Efficiency Services Limited (EESL) is a Super Energy Service Co...
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
REDINGTON INDIA LIMITED
Redington (India) Limited operates in the IT product distribution busi...
SONATA INFORMATION TECHNOLOGY LIMITED
Sonata Software Limited is a leading Modernization engineering company...
EXCLUSIVE NETWORKS SALES INDIA PVT. LTD.
Exclusive Networks is a globally trusted cybersecurity specialist hel...