The term “strategic review” has now become a buzz phrase.
Hot on the heels of Singapore Press Holdings’ (SGX: T39) recently-announced strategic review, Singtel (SGX: Z74) has announced its own strategic review.
The telecommunication company (telco) will impair the intangible assets and goodwill in two US-based businesses, while also taking an exceptional charge on its Australian subsidiary, Optus.
The adjustments will impact its fiscal 2021 second-half earnings by S$839 million and full-year earnings to the tune of S$1.2 billion.
CEO Yuen Kuan Moon has explained that this review was necessary to realign the businesses to position them for future success.
He will provide more details when the group announces its full fiscal 2021 earnings.
In the meantime, here are three things that investors need to know about this review.
