Singtel has said that it is "committed to maintaining our investment-grade credit ratings", while StarHub chief executive Peter Kaliaropoulos last week called StarHub's debt level - 1.5 times its earnings before interest, tax, depreciation and amortisation, as at March 31 - "fairly respectable".
Sachin Mittal, research analyst at DBS, noted on Wednesday that 5G capex could be two to three times as much as 4G, so"telcos must share the 5G network to justify" the costs. Janice Chong, director of corporates at Fitch Ratings, told The Business Times over the phone that Singtel, which her firm covers, has"little ratings headroom to take on new acquisitions and investments".Singtel has said that it is"committed to maintaining our investment-grade credit ratings", while StarHub chief executive Peter Kaliaropoulos last week called StarHub's debt level - 1.
Given the infrastructure spending on the horizon, national fibre operator NetLink Trust will be a winner, Citi analysts argued in a report last week.
Source: News Formal (newsformal.com)
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