SINGAPORE (Nov 29): Although the year is drawing to an end, TPG has yet to announce its commercial launch this year. This is despite TPG saying in September that it was on track to meet its outdoor-coverage milestones set by IMDA.

In the short term, this delay might be good for the local telcos, as it gives them more time to prepare for the competition and re-contract subscribers to new 24-month terms and protect cashflows for a longer period.

However, Maybank Kim Eng, which has a “neutral” rating on Singapore telcos, believes that this is not a long-term cure.

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