Southeast Asia's largest telecom firm also said it expects its earnings before interest and tax (EBIT) to grow by low double digits for fiscal 2025.
SINGAPORE Telecommunications on Wednesday reported a 42-percent slump in its first-half net profit due to the absence of a SG$1.2-billion gain it had logged through the merger of Telkomsel a year earlier.Southeast Asia's largest telecom firm also said it expects its earnings before interest and tax to grow by low double digits for fiscal 2025.
'Both NCS and Nxera have a critical role to play in advancing AI adoption in the region and are continuing to invest in AI infrastructure and capabilities to better serve enterprise and governments,' the group's Chief Executive Officer Yuen Kuan Moon said.'We will continue scaling NCS and building out Nxera's data centers which will commence operations from mid-2025 to meet increasing demand,' Moon added.
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