3b articles
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Singtel warns of $2.3B impairment
Singtel cautioned it will register a loss for the second half of fiscal 2024 due to impairment charges of around SGD3.1 billion, with the majority stemming from a lower valuation of its Optus unit in Australia.
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Relief for students with $3b of HECS debt eliminated
More than three million Australians will have their student debt wiped, with an average deduction of $1200. Education Minister Jason Clare on Sunday announced the government would cap the Higher Education Loan Program (HELP) indexation rate, eliminating about $3 billion of student debt. The capped rate would ensure indexation matched either the Consumer Price Index […]
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SES reaches $3B deal to acquire rival Intelsat
SES reached an agreement to acquire Intelsat for $3.1 billion, in a deal the companies claim will create a multi-orbit operator able to better compete with rivals in the fast-moving space industry.