Singapore Telecommunications (Singtel) bought back 672,151 shares at an average price of S$2.42 per share. This was the first buyback filed for its current mandate.

 

The preceding buyback mandate saw Singtel buy back just 945,055 of its issued shares.

 

On Feb 10, Singtel noted in a business update that its Q3FY21 (ended Dec 31) saw a second consecutive quarter of revenue recovery across the businesses, with the year-on-year performance impacted by ongoing pandemic and structural challenges in the carriage business.

 

The group noted robust growth in ICT services, led by NCS & Australia Enterprise as customers stepped up digitalisation efforts.

 

Meanwhile, mobile services remained subdued, with declines in roaming and prepaid revenues mitigated by the growth of Optus Choice plans in Australia, while strong results and operating momentum from Airtel drove a higher contribution from the regional associates.

 

Singtel also noted on Feb 17 that it had completed initial investigations into a recent breach on a third-party file sharing system and had begun reaching out to affected stakeholders.