mobile virtual network operator (MVNO)

Circles.Life deal gives M1 competitive edge for now, but TPG entry remains a threat
SINGAPORE (July 5): Maybank Kim Eng is maintaining its “hold” call on M1 with an unchanged price target of $1.63 cents on the belief that expected earnings pressure on the group has been largely priced in by the market. The research house forecasts a 3% CAGR decline in wireless service revenues over 2017-20E. In a Monday report, analyst Luis Hilado says M1’s head start in securing a ...
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 ...
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 ...
StarHub emerges as MyRepublic partner for MVNO rollout
SINGAPORE (May 3): StarHub has entered into a strategic partnership to provide MyRepublic with the mobile network infrastructure to launch its Mobile Virtual Network Operator (MVNO) services in Singapore. In a Thursday announcement, MyRepublic says it has found its ideal Mobile Network Operator (MNO) partner in StarHub with a partnership that “looks to benefit both companies” in the months ...
Telco sector upgraded to 'neutral' even as incumbents brace for TPG entry
SINGAPORE (Apr 3): Maybank Kim Eng Research has upgraded the Singapore telecommunications sector to “neutral” from “negative” previously. This comes after incumbent telcos SingTel, StarHub, and M1 saw their share prices fall by 14.2%, 20.4%, and 18.7% respectively over the last 12 months to end March. In comparison, the benchmark Straits Times Index has risen 8.0% over the ...
Year of trepidation for telcos on MVNO threat
SINGAPORE (Jan 12): UOB Kay Hian has turned defensive on the telco sector as channel checks indicate TPG Telecom's network deployment is progressing smoothly and is on track for its year-end commercial launch. Singapore has attracted a slew of startups offering mobile services based on the mobile virtual network operator (MVNO) model which usually targets niche and customised ...
Only one telco could remain relatively unscathed from intensifying competition: OCBC
SINGAPORE (Sept 11): OCBC Investment Research is maintaining its “neutral” stance on Singapore’s telco sector in anticipation of an intensifying competitive landscape with the impending entry of TPG Telecom, the fourth mobile entrant, which expects to commence operations in 2018. See: TPG Telecom wins race to become Singapore’s fourth telco In a Monday report, lead analyst Eugene ...
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 ...
MyRepublic set to become mobile virtual network operator; aims for IPO by 2018
SINGAPORE (July 6): MyRepublic has ended months of speculation with CEO Malcolm Rodrigues saying it does not intend to acquire M1 after its failed bid to become Singapore’s fourth telco operator. See: Singapore wireless wannabe MyRepublic eyes profit in three years Instead, the fibre broadband services provider will become a mobile virtual network operator (MVNO) in Singapore, buying ...
UOB Kay Hian takes Circles.Life for a spin; keeps telco sector at ‘underweight’
SINGAPORE (June 20): UOB Kay Hian has released a review of Liberty Wireless’s new mobile virtual network operator (MVNO) branded as Circles.Life, while reiterating its ‘underweight’ rating on the telco industry. In a Monday report, analyst Jonathan Koh says he recently signed up to test drive Circles.Life as a SIM-only subscriber. Here are Koh’s observations based on his experience ...