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Local telco incumbents 'clearly have an edge' over new entrant at this juncture, says Maybank

Michelle Zhu
Michelle Zhu2/7/2019 11:00 AM GMT+08  • 2 min read
Local telco incumbents 'clearly have an edge' over new entrant at this juncture, says Maybank
SINGAPORE (Feb 7): Maybank Kim Eng is keeping “neutral” on Singapore’s telco sector on the belief that incumbent telcos have an edge in terms of subscriber in retention amid a “proliferation of new MVNOs (mobile virtual network operators)” as we
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SINGAPORE (Feb 7): Maybank Kim Eng is keeping “neutral” on Singapore’s telco sector on the belief that incumbent telcos have an edge in terms of subscriber in retention amid a “proliferation of new MVNOs (mobile virtual network operators)” as well as new mobile network operator TPG Telecom.

This comes post the research house’s survey of 150 telcos subscribers, out of which 81% said they stuck to their providers for more than 24 months.

NetLink NBN Trust remains Maybank’s top “buy” pick with a target price of 93 cents, given its virtual monopoly of residential fibre connections.

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