Singapore tests 5G applications with a starting fund of $40 million

SINGAPORE (June 27): Singapore wants to test out its 5G potential with a starting budget of $40 million that will be distributed over a year, with telco operators Singapore Telecommunications (Singtel) and M1 among the first appointed to run pilots on the next generation high-speed mobile internet.

Telco shares dip as TPG offers free unlimited data roaming in Malaysia, Indonesia

SINGAPORE (June 26): TPG Telecom has fired another salvo in a bid to pry users away from incumbent telcos Singapore Telecommunications (SingTel), StarHub and M1.

From the middle of next month, TPG says it will offer its mobile users with free unlimited data roaming in Malaysia and Indonesia.

While roaming, users will also be able to make unlimited calls to Singapore mobile numbers and have up to 20 minutes for calls to Singapore fixed-line numbers. All incoming calls and SMS will be free.

Maybank remains 'neutral' on telco sector as uncertainty looms

SINGAPORE (Apr 1): Maybank Kim Eng Research remains “neutral” on the Singapore telco sector amid uncertainty over the implication for competition in the industry with M1’s imminent de-listing.

The research house believes StarHub provides the best value and Netlink NBN Trust offers insulation from uncertainty in the wireless segment.

Maybank has “buy” calls on both StarHub and Netlink, with target prices of 93 cents and $2.18, respectively.

Why Singtel, NetLink NBN Trust remain OCBC's top 'buy' picks in a cut-throat telco scene

SINGAPORE (Mar 15): OCBC Investment Research is maintaining “neutral” on Singapore’s telco sector in the wake of the 4QCY18 reporting season, which saw StarHub and M1 results come in within expectations, while that of Singtels was slig

Will the O&M sector continue to be a drag Keppel?

SINGAPORE (Jan 25): Keppel Corp has still not recovered from the offshore and marine slump. Its O&M division continued to make a loss last year.

For FY18, Keppel Corp announced earnings of $944 million, up 382% from $196 million in 2017, or up 16% from $815 million, excluding the one-off penalty of $619 million for global resolution with the authorities in the US, Brazil and Singapore. Property was the biggest earnings contributor for the fourth consecutive year.

M1 deal hangs in balance as Keppel, SPH stand ground

(Jan 23): A buyout offer for M1 four months ago still doesn’t have the backing of a bulk of shareholders. And yet, Keppel Corp and Singapore Press Holdings have refused to budge on the initial offer price.

Singtel kept as top pick for RHB amid 'aggressive' TPG trial launch

SINGAPORE (Jan 14): RHB Research is maintaining its “neutral” stance on Singapore’s telecommunications sector following the launch of an “expectedly aggressive” trial offer by new mobile entrant TPG Telecom.

“TPG quashed earlier talks that it may abort its mobile rollout by launching a free 4G SIM-only data plan in Dec 2018, offering 12 months of unlimited data,” says RHB’s Singapore research team in a report on Monday. “We expect competition to remain elevated on the recent trial launch.”

OCBC revises M1 to 'accept the offer' from 'hold' on competitive environment

SINGAPORE (Jan 8): OCBC Investment Research is revising its “hold” rating on M1 to “accept the offer” while maintaining its current fair value estimate of $2.06 per share.

To recap, Konnectivity – a jointly-owned company between Keppel Corporation and Singapore Press Holdings (SPH) – announced a pre-conditional voluntary general offer (VGO) for M1 in Sept last year at $2.06 per share, in its bid to gain a majority stakeholding in the telco.

Local telcos kept at 'neutral' by Maybank; prefers NetLink Trust

SINGAPORE (Dec 31): Maybank Kim Eng is keeping a “neutral” rating on the local telco sector as the new year is shaping up to be a trying one for the wireless sector with the upcoming launch of TPG, which teases with unlimited data plans, while StarHub and Circles.Life are aggressively launching SIM-only plans.

TPG’s delayed commercial launch has provided a reprieve for the industry, but only temporarily.

TPG's entry delayed but still remains a threat to Singapore telcos

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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