On 14th May 2021, Singtel announced a shocking S$1.2 billion in impairment charges for its investments in digital marketing firm Amobee (-S$589Mil), cybersecurity business Trustwave (-S$336Mil) and also Optus (-S$204Mil). Singtel used to be extremely defensive about its Amobee and Trustwave businesses and argued that the thrust towards digital investments in new business and North America market is good for Singtel in the long term. However, Singtel appears to be singing a different tune this time round with a power-point deck on "lessons learnt" from these digital investments that are now being partially written off. It should have focused on digital opportunities in Asia to leverage on its current customer base instead of focusing too much on the North American markets for its Trustwave and work with strategic partners by taking up minority stakes instead of a majority....