SingTel posts 9% annual profit rise, unveils $1.5 billion buyback plan

Singapore Telecommunications, Southeast Asia’s largest telecom firm, saw a 9% profit increase. This was driven by Optus and Airtel’s strong performance. A S$2 billion share buyback is planned over three years. Underlying net profit reached S$2.47 billion. The company surpassed half of its S$6 billion mid-term asset recycling target and raised the goal to S$9 billion.

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