Half Year 2021 Singapore Telecommunications Ltd Earnings Presentation (Pre-Recorded) Transcript

Nov 12, 2020 / NTS GMT
Presentation (Pre-Recorded)
Nov 12, 2020 / NTS GMT

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Corporate Participants
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* Sock Koong Chua
Singapore Telecommunications Limited - Group CEO and Executive & Non-Independent Director

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Sock Koong Chua - Singapore Telecommunications Limited - Group CEO and Executive & Non-Independent Director

[Interpreted] Good morning, and thanks for joining us for Singtel's financial results for the half year ended September 30, 2020. The group's performance for the half year was weighed down by the fixed business in Australia and exacerbated by the COVID pandemic, lower equipment sales and margins, ongoing price erosion in carriage combined with adverse margin impact from a higher mix of NBN resale and declining NBN migration revenue contributed to the sharp decline in Consumer Australia's revenue and earnings.

COVID-19 exacerbated the decline as roaming revenue fell sharply due to travel restrictions and border closures, while economic uncertainties impacted demand. We delivered a strong

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