Singapore telco Singtel is investing S$45 million over three years in a professional development program designed to boost the digital skills of its 12,600 employees.

Australia’s second biggest telco Optus has suffered a 32% drop in net profit for the three months of the June quarter with the telco attributing the decline to higher depreciation charges incurred with its investment in its mobile network and lower contributions from Optus Business.

Australia’s second largest telecommunications carrier Optus and its parent company Singtel have received a slap in the face from the S&P Global Ratings agency which downgraded the outlook on both companies over the next two years from stable to negative due to high debt levels.