TELECOMMUNICATIONS carrier Optus has suffered a slide in earnings and revenue during the first quarter of its financial year.
Optus' parent company Singapore Telecommunications (SingTel) on Tuesday said the phone carrier's earnings fell 3.2 per cent to $S1.2 billion ($A915 million) in the three months to the end of June compared to the previous corresponding period.
SingTel said Optus' lower revenues were largely the result of lower equipment sales and the mandated cut in mobile termination rates from nine to six cents a minute in January. Full story
Related:
Optus first-quarter earnings slide - smh.com.au
Optus' revenues, profit and EBITDA all down in Q1 - IT Wire
Optus first-quarter earnings slide - The Age
