Singtel Group, a publicly owned company headquartered in Singapore, founded in 1879, employs approximately 8,140 individuals. The company reported $10.9B in revenue as of 2025. Functioning primarily in telecoms, the group operates Singtel Singapore, Optus in Australia, and NCS, in addition to several other subsidiary and group companies and various investments in telcos across Asia and Africa.
Singtel reported a strong start for its first quarter of FY2027, with underlying net profit reaching $831 million, an 11% increase ahead of consensus, driven by stronger earnings from Optus, NCS, and regional associates despite continued weakness in Singapore. On August 21, analysts from RHB Bank Singapore and DBS Group Research maintained "buy" calls on Singtel, with RHB viewing a recent share-price pullback as a re-entry opportunity. Previously on August 21, Morrison & Co. reportedly shifted its focus from acquiring a more than 30% stake in Singtel's Optus, a transaction valued at over A$2 billion, towards a $2.5 billion Ausgrid deal. This followed reports on August 20 that the infrastructure investment manager was considering withdrawing its bid for Optus, deeming the deal too challenging. Also on August 20, research commissioned by Optus revealed that 61% of South Australian small businesses believe they are too small to be a target and 73% lack a cybersecurity response plan, despite an increasing threat from scams, ahead of Scams Awareness Week.
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