Optus parent avoids earnings hit from Triple Zero outage

Optus’s Singaporean parent, Singtel, has shrugged off the potential financial impact of the Australian telecoms group’s fatal Triple Zero outage and instead told investors its full-year earnings would likely be higher than first thought despite uncertainty over the cost of the emergency call failure.

The Singaporean group on Wednesday said it considered “uncertainties in Australia as a result of the outage” as it revised the previous profit forecast it had given shareholders at its investor day in August.