SingTel - OCBC Investment 2023-11-08: Optus Outage Hitting Millions Of Australian Customers

• SingTel's share price was negatively impacted by Optus’ network outage in Australia. See SingTel's announcements.

Optus was hit by a major network outage

• - Read this at SGinvestors.io -
• According to Optus, the crash stretched from Perth in Western Australia and Darwin in the north, to east coast cities including Sydney and Brisbane, leaving millions without phone and internet services and interruption of train services at peak hours.
• - Read this at SGinvestors.io -

Customer confidence may be at risk following the outage and cyber-attack last year

• The network failure is the second incident of Optus after a major cyber-attack last year.
• Recall that in Sep 2022, Optus was hit by a malicious cyber-attack, exposing personal details of millions of its customers, including their home addresses, driver licences and passport numbers.
  • Read more at SGinvestors.io.
  
  
  
  

  
  Above is the excerpt from report by OCBC Investment Research.
  Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
  
  

  
  
  OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2023-11-08 SGinvestors.io
  
  

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  Read also OCBC's most recent report:
  2023-11-10 SingTel - Driving Cost Synergies.

  Price targets by 7 other brokers at SingTel Target Prices.

  Listing of research reports at SingTel Analyst Reports.

  Relevant links:
  SingTel Share Price History,
  SingTel Announcements,
  SingTel Dividends & Corporate Actions,
  SingTel News Articles