News: Singapore Telecommunications reports stable

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The owner of Optus, Singapore Telecommunications Ltd (ASX:SGT) has reported stable growth of just over $700 million for the first quarter.

The telecommunications company says that group revenue rose 12% to just over $3.5 billion.

And in Australia, Optus came in 2.6% higher for the June quarter, at around $1.8 billion, as its mobile business registered another consecutive strong performance.

The telco says performance in Singapore and Australia was strong, with mobile businesses reporting double-digit growth revenue.

Singtel has also advised its mobile customer base grew 34%, or an increase of 88.5 million new customers, to reach 351 million users, as at 30 June.

Singapore Telecommunications reported a profit of over $3 billion for the year to 30 March 2010.