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Stock impact report

Australian telco Optus suffers fresh emergency call outage [Yahoo! Finance Canada]

SINGAPORE TELECOM S/ADR (SGAPY) 
The Australian government has been seeking answers about the disruptions at the country's No. 2 telecom, which is owned by Singapore Telecommunications. Singtel Group CEO Yuen Kuan Moon plans to meet Australia's Communications Minister Anika Wells this week, a spokesperson for the minister's office said. Yuen will meet Wells along with Optus Chairman John Arthur and CEO Stephen Rue, Singtel said. "Singtel takes this matter seriously and will extend full co-operation to the Australian government and authorities to address the Optus issue," a spokesperson said. Optus said on Monday that a faulty mobile phone tower site in Dapto, around 100 km (62 miles) south of Sydney, interrupted services, including emergency calls, on Sunday morning and impacted 4,500 people. "Optus continues to investigate the cause ... the issue has been restored," a spokesperson said by email. The company said it "confirmed with police, all callers who attempted to contact emergency services are OK." Show less Read more
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