SINGAPORE (Nov 21): DBS Group Research is maintaining its “fully valued” rating on M1 and StarHub at target prices of $1.97 and $2.80 respectively – while affirming that either MyRepublic or TPG Telecom will be emerging as Singapore’s fourth telco.
In a note last Thursday, analyst Sachin Mittal recaps how the two telco hopefuls have been pre-qualified by the regulator, Info-comm Media Development Authority (IMDA), to bid for the New Entrant Spectrum Auction (NESA).
“Since the regulator has performed a financial and technical scrutiny of their business plans, we are likely to see competitive bidding for the spectrum that is planned to take place in the first quarter of 2017,” says Mittal.
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