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Singtel ( (SG:Z74) ) has shared an update.
Singtel’s subsidiary, Optus Finance Pty Limited, has secured a A$1.95 billion revolving credit facility from a syndicate of 12 banks. This facility is intended to refinance existing credit facilities and support general corporate activities. The move is a testament to the confidence in Singtel’s financial health and strategic growth plans under the Singtel28 strategy, as emphasized by Arthur Lang, Singtel’s Group CFO.
More about Singtel
Singtel is a leading telecommunications company in Asia, known for providing a wide range of telecommunication services. It focuses on delivering products and services in mobile, broadband, and enterprise data services, with a significant market presence in Singapore and Australia, primarily through its subsidiary, Optus.
YTD Price Performance: 5.63%
Average Trading Volume: 6,779
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $39.87B
For detailed information about Z74 stock, go to TipRanks’ Stock Analysis page.