consonlidation in telco industry forecast

Looking ahead, SingTel group expects revenue from the Singapore
and Australian operations to grow.
EBITDA is also expected to increase despite the completion of
amortisation of the compensation received from IDA in the current
financial year.
The group targets underlying earnings growth at a double-digit
level over the medium term.
To achieve this, it is committed to driving further efficiencies
from its existing businesses and associates, as well as developing new
revenue streams.
Another key driver of growth is dependent on the group's ability
to increase its shareholdings in existing associates and make new
acquisitions.
Following the capital reduction exercise in September 2006, the
average number of shares on issue for the next financial year will be 2
per cent lower than the current year. This will enhance EPS growth.
SingTel CHESS Depositary Interests fell 5c to $2.70 yesterday.