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Shares of Singapore Telecommunications (SingTel) fell over 2% following a significant network failure at its subsidiary Optus, which caused emergency call disruptions for 13 hours and has been associated with four fatalities. The decline marks the largest drop in nearly two months, prompting CEO Stephen Rue to acknowledge process failures during a network upgrade. This incident echoes a previous A$12 million fine Optus faced for failing to deliver emergency services during a nationwide outage in 2023.
Source: YAHOO