SingTel - UOB Kay Hian 2023-04-13: Expanding Into Indonesia’s Fixed Broadband Market As SingTel Positions For Future Growth Opportunities

• Telkomsel has entered into an agreement with its parent, Telkom, to integrate the parent’s leading fixed broadband business, IndiHome, into Telkomsel via issuing new shares. SingTel (SGX:Z74)’s stake in Telkomsel would be diluted from 35.0% to 29.6% post-completion. SingTel would then exercise its pre-emptive right to purchase another 0.5ppt of the newly-enlarged entity.
• - Read this at SGinvestors.io -

SingTel is gaining a foothold in Indonesia’s broadband market.

• SingTel's announced recently that PT Telekomunikasi Selular (Telkomsel), its 35%-owned associate company, has entered into an agreement with its parent PT Telkom Indonesia (Persero) Tbk’s (Telkom) to integrate Telkom’s wholly-owned fixed broadband business, Indihome into Telkomsel.
• - Read this at SGinvestors.io -
• Pending approvals, Telkomsel’s integration with IndiHome integration is expected to be completed by early-3Q23 (i.e. SingTel’s 2QFY24).

Fair valuation.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-02-20 Singtel - 9MFY25 Results In Line As Business Outlook Improves.

Previous report by UOB:
2025-01-21 SingTel - On Track To Continue Driving Shareholder Value.

Price targets by 6 other brokers at SingTel Target Prices.

Listing of research reports at SingTel Analyst Reports.

Relevant links:
SingTel Share Price History,
SingTel Announcements,
SingTel Dividend Payout Dates & Corporate Actions,
SingTel News