Moody's: SingTel unchanged

Moody's Investors Service said that Singapore Telecommunications Ltd.'s fiscal 2010 full-year results were generally in line with expectations and had no impact on the company's Aa2 rating.

The outlook is stable.

SingTel's strong fourth-quarter and full-year 2010 results, which were positively impacted by a strengthening in the Australian dollar, came in the wake of continued growth in mobile services across the group as well as healthy growth in the company's IT and engineering segments, Moody's said.

The unabated rise in popularity of ARPU-accretive postpaid smart phones and mobile broadband continue to drive SingTel's organic growth in Singapore and Australia, the agency added.

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