Singapore's SingTel sees single-digit rise in revenues for '08

SingTel expects revenue in the fiscal year ending March 2008 will grow at a single-digit rate and that free cashflow will decline slightly, a Reuters report said.

The Reuters report quoted SingTel CEO Chua Sock Koong as saying that revenue at SingTel's Australian unit Optus would grow between 2.5% and 3%while earnings contribution from regional mobile firms would grow at double-digit rates.

The company also has set a target of double-digit groth for underlying earnings in the medium-term, the Reuters report said.

Last month the company said it expected revenues to grow by more than 5% in 2008, driven by rising mobile phone and broadband subscriptions, the report further said.

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