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M1, StarHub cut to 'sell' as TPG draws first blood

Stanislaus Jude Chan
Stanislaus Jude Chan3/20/2018 04:21 PM GMT+08  • 3 min read
M1, StarHub cut to 'sell' as TPG draws first blood
SINGAPORE (Mar 20): UOB Kay Hian has downgraded M1 and StarHub to “sell” after fourth mobile operator TPG Telecom on Monday fired its first salvo with a package aimed at senior citizens.
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SINGAPORE (Mar 20): UOB Kay Hian has downgraded M1 and StarHub to “sell” after fourth mobile operator TPG Telecom on Monday fired its first salvo with a package aimed at senior citizens.

For the first 24 months following its launch, senior citizens aged 65 and above will enjoy – for free – a package which includes a SIM card, 3GB of monthly data and unlimited local calls.

According to a forecast by UOB Global Economics & Markets Research, the age group would make up 27% of Singapore’s resident population in 2030, more than doubling from 13% in 2016.

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