'Certain sectors have gone ahead in valuation and what has happened in the financial markets has brought realistic values for telecom assets,' said CEO Chua Sock Koong at a briefing for its third-quarter results on Tuesday.
'We will continue to explore opportunities for acquisitions,' she added.
The state-controlled firm made underlying net profit before goodwill and exceptionals of $931 million for the fiscal third quarter ended Dec 31, compared with $850 million in the year-ago period.
Facing a domestic market of just 4.7 million people where virtually everyone owns a mobile phone, SingTel has spent $18 billion in recent years buying stakes in mobile phone operators in high-growth Asian nations, and in the bigger Australian market. -- REUTERS