Singtel Shares Surge 7.5% on Potential Merger Between Australia Telco Rivals
Shares of Singapore Telecommunications (Singtel) surged as much as 7.5 per cent on Thursday (Aug 23), the most since May 2009 after Vodafone Hutchison and TPG Telecom said they were in "exploratory" discussions for a potential merger.
A potential marriage between Singtel's two rivals in Australia could bring joy to South-east Asia's largest telco, analysts said, with Singtel facing less competition in Australia, where it generates over half of its revenues.
"If a deal does proceed, we believe it would be positive for Singtel's Australian business, Optus," Citigroup Global Markets Inc's analyst Arthur Pineda wrote in a note.
A deal would also have implications for Singtel's domestic market of Singapore as a TPG Telecom unit won the bid to become the city-state's fourth mobile phone operator.
"We believe the implications for the Singapore mobile market are less clear-cut as there are no indications that TPG Telecom's aspirations are off the table," wrote Ramakrishna Maruvada, an analyst at Daiwa Capital Markets Singapore, in a note. "However, the negotiations itself suggest rational, return-seeking behaviour on the part of TPG, which lowers the odds for an aggressive, disruptive market entry, in our view."
Maruvada upgraded Singtel to outperform from hold following the announcement of the possible merger plans among its Australian rivals.
The Singapore telco itself is said to be examining a possible bid for Amaysim Australia which would give it access to the operator's more than 1.1 million mobile subscribers.
Source: straitstimes
Latest Jobs
-
- Senior Presales Consultant | Managed Security Services | London
- London
- N/A
-
Senior Presales Consultant – Managed Security Services Location: London-commutable (Hybrid) A well-established cyber consultancy is seeking a Senior Presales Consultant to drive growth across its managed security services / advisory portfolio. This hybrid role bridges commercial and technical expertise supporting solution design, shaping customer proposals, and guiding conversations from scoping through to delivery. Key experience: Background in managed security services, including SOC operations and threat detection Strong knowledge of cloud and on-prem security tooling (SIEM, EDR, IAM) Penetration testing Proven ability to translate technical concepts into clear business value Confident in customer-facing engagements and pre-sales delivery Experience contributing to bids, proposals, and RFI/RFP responses To find out more contact me on 07884666351 Visa sponsorship is unfortunately not available for this role.
-
- Senior SOC Engineer - Microsoft | Splunk. Permanent. London
- London
- N/A
-
Senior SOC Engineer – Hybrid London Type: Full-Time A well-established cyber security provider is seeking a Senior SOC Engineer to strengthen its managed services function. This role is ideal for someone with a strong operational background in SIEM and EDR tools who can confidently lead customer onboarding, fine-tune detection strategies, and act as a senior point of contact for technical escalations. You will need to be SC clearable. Bonus points if you have SC clearance currently. You will be responsible for ensuring smooth integration of new clients into the service, optimising alerting capabilities and delivering meaningful outcomes during investigations. This is a hands-on position, working closely with internal teams and external stakeholders to maintain robust security operations across multiple environments. Prior experience in a cyber-focused MSP or MSSP Strong hands-on capability with platforms such as Microsoft Sentinel, Defender for Endpoint, or similar Proficiency in scripting and query languages such as KQL or PowerShell Knowledge of detection logic, investigation workflows, and cloud-based infrastructure Confident communicator with strong documentation and reporting skills Apply today for more information.