Moody's: Singtel's High Spectrum Payments Will Increase Leverage
Announcement: Moody's: Singtel's High Spectrum Payments Will Increase Leverage. Global Credit Research- 06 Apr 2017. Singapore, April 06, 2017-- Moody's Investors Service says that the high cost of the just concluded spectrum auctions in Singapore is credit negative for Singapore Telecommunications Limited, as it will further increase debt at a time when leverage is testing Moody's tolerance range for the rating level.Singapore Telecommunications is engaged in the operation and provision of telecommunications systems and services, and investment holding. Co. provides a range of multimedia and Information and communications technology solutions, including voice, data and video services over fixed and wireless platforms. Within both Singapore and Australia, Co. provides mobile communications, data and Internet, national telephone, information technology and engineering, sale of equipment, international telephone and pay television. Co.'s key businesses include: Group Consumer, Group Digital L!fe, and Group Information and communications technology.
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