mobile network operator (MNO)

Maybank adopts wait-and-see stance over Circles.Life's free wireless plan

SINGAPORE (May 23): Maybank Kim Eng is keeping Singapore’s three telco incumbents at “hold” as it awaits how they will counteract Circles.Life newly launched free wireless plan that offers 1GB of monthly data, 30 minutes of voice and 10 SMS with no “hidden fees” or contracts.

In a Tuesday report, Maybank analyst Luis Hilado says Circles’ market segmentation that started with $28/month 6GB plans and later $20/month for an additional 20GB and $3/day of unlimited data options has morphed plans for a new segment dubbed “Less-wireless-data-savvy consumers”.

StarHub fails to leave analysts star-struck after a dismal 1Q

SINGAPORE (May 4): Maybank Kim Eng and OCBC Investment Research UOB Kay Hian are maintaining their “hold” calls on StarHub with an unchanged price target and fair value estimate of $2.27 and $2.20, respectively, while UOB Kay Hian is reiterating its “sell” call on the stock with a target price of $2.25.

This comes after the group on Thursday reported its first set of results under the new SFRS 15 accounting standard, with 1Q18 earnings indicating continued competitive pressure on the wireless and pay TV businesses although this came largely in line with expectations.

StarHub's 1Q earnings fall 14.9% to $61.5 mil on lower sales

SINGAPORE (May 3): StarHub reported a 14.9% decline in 1Q18 earnings to $61.5 million from $72.3 million a year ago on lower sales.

The telco was expected to reported earnings of $69.5 million, according to Thomson Reuters.

Total revenue for the quarter fell 4.7% to $561 million from $588.7 million in 1Q17. This came on the back of 7.1% and 10% revenue declines in the Mobile and Pay TV segments to $205.1 million and $80.7 million, respectively.

Singtel still favoured amid MyRepublic MVNO bid

SINGAPORE (July 7): RHB Research is keeping its “neutral” rating on Singapore’s telecommunications sector, even as MyRepublic on Thursday announced it is seeking to become a mobile virtual network operator (MVNO) in Singapore.

MyRepublic CEO Malcolm Rodrigues at a press conference on Thursday said it does not intend to acquire M1 after its failed bid to become Singapore’s fourth telco operator.

Instead, the fibre broadband services provider says it will buy mobile bandwidth wholesale from one of the republic’s three incumbent telcos to become a MVNO.

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