Jakarta Globe reported, citing Gita Wirjawan, Chairman of Investment Coordinating Board (BKPM), that Singapore Telecommunications Ltd. (SingTel) is interested in investing in Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk.s PT DayaMitra Telekomunikasi when the government allows foreign investments in the telecommunications infrastructure sector. Firms spokesperson, Eddy Kurnia said that any investments by SingTel are still in the discussion stage.

Singapore Telecommunications Ltd. reported consolidated earnings results for the third quarter and nine months ended December 31, 2009. For the quarter, the company's net profit rose 24% to SGD 991 million, with its businesses in Singapore, Australia and regional mobile associates reporting improved performance from SGD 799 million in the same quarter last year. The Group's revenue posted a 20% gain to SGD 4.45 billion from $3.701 billion in the same quarter last year, driven by steady growth from Singapore and Australia and assisted by the stronger Australian dollar. Operational EBITDA for the quarter increased 16.7% to SGD 1,233 million from SGD 1,057 million for the same quarter last year. For the nine months, the company's net profit rose 13.6% to SGD 2,892 million from SGD 2,545 million in the same period last year. The group's revenue posted a 9.1% gain to SGD 12.4 billion from $11.37 billion in the same period last year. Operational EBITDA for the nine months increased 7% to SGD 3,511 million from SGD 3,282 million for the same period last year. Underlying net profit for the nine months increased to SGD 2,887 million or 18.14 cents per share from SGD 2,496 million or 15.69 cents per share for the same period last year. Underlying net profit for the third quarter of 2009 increased to SGD 990 million or 6.22 cents per share from SGD 838 million or 5.26 cents per share for the same quarter last year.

Singapore Telecommunications Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2009. For the quarter, the company reported EBIT of SGD 1,340 million against SGD 1,151 million a year ago. Profit before exceptional items was SGD 1,265 million against SGD 1,071 million a year ago. Profit before tax was SGD 1,265 million against SGD 1,032 million a year ago. For the nine months, the company reported EBIT of SGD 3,965 million against SGD 3,483 million a year ago. Profit before exceptional items was SGD 3,738 million against SGD 3,305 million a year ago. Profit before tax was SGD 3,742 million against SGD 3,288 million a year ago. In Singapore, the company expects that operating revenue to grow at single-digit level, EBITDA to grow at low single-digit level, and capital expenditure to be below SGD 800 million. In Australia, the company expects operating revenue to grow at single-digit level; EBITDA to grow at low single-digit level; and capital expenditure to be approximately AUD 1.1 billion.

Singtel weighing plan to list its Australian unit