Quarterly reporting will only be required from listed entities that are associated with higher risks, or if there are audit or regulatory concerns about them. Optus , Singtel's Australian subsidiary, saw revenue fall 11 per cent with EBITDA plunging 32 per cent, mainly due to lower mobile revenue. Equipment sales as well as roaming and voice revenues were lower. It added that improvements are only anticipated in the second half of 2021.S&P forecasted Singtel's EBITDA to decline 11 to 13 per cent to between SGD 3.9 billion and SGD 4.1 billion in fiscal 2021. At the same time, adjusted EBITDA which includes dividends from associates is estimated to drop 6 to 8 per cent to between SGD 5.1 billion and SGD 5.2 billion.Singtel is currently rated A with a stable outlook by S&P.

Source: Economic Times August 24, 2020 07:00 UTC