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Local telcos to face full effects of competition from TPG by mid-2019, says UOB

Michelle Zhu
Michelle Zhu1/2/2019 11:40 AM GMT+08  • 3 min read
Local telcos to face full effects of competition from TPG by mid-2019, says UOB
SINGAPORE (Jan 2): UOB Kay Hian has downgraded its view on Singapore’s telco sector to “market weight” from “overweight” in anticipation of intense competition from TPG Telecom.
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SINGAPORE (Jan 2): UOB Kay Hian has downgraded its view on Singapore’s telco sector to “market weight” from “overweight” in anticipation of intense competition from TPG Telecom.

The move comes as the fourth mobile entrant launched its trial service in Dec 2018 at “mind-blowing pricing” which incumbents would eventually be forced to match, in the research house’s view.

To recap, TPG is now offering one year of free wireless unlimited data and voice SIM-only plans for the first 20,000 pre-registered subscribers who participate in the trial, with the first 2GB of everyday data offered at 4G speed – after which the speed is capped at 1Mbps for the remainder of the day.

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