TPG Telecom

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SINGAPORE (May 13): “I have waited my entire career to trade a stock like this, and to open an IPO like Uber.”Pete Giacchi, senior trader at Citadel Securities. Uber is set to start trading on May 10.

MAS shifts $45 billion of reserves to GIC in unusual, publicised move

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Aussie competition regulator to block TPG-Vodafone merger

(May 8): Australia's competition regulator will oppose to the A$15 billion ($14.3 billion) merger between mobile phone and Internet data providers TPG and Vodafone Hutchison Australia (VHA).

Shares in TPG, which became Singapore's fourth mobile operator in 2016, and Hutchison Australia plummeted after the Australian Competition and Consumer Commission (ACCC) accidentally published the news on its mergers register on Wednesday afternoon before the market closed.

Competition to hit StarHub's near-term earnings

SINGAPORE (May 6): Consensus are mostly neutral on StarHub following its results announcement on May 3. The group posted a 14.2% y-o-y drop in its 1Q19 earnings, with revenue increasing 6% y-o-y to $597 million.

The revenue increase was mainly driven by strong segmental revenue contributions from network solutions (+9%) and cyber security services (+41%), which mitigated 5% and 12% lower service revenues from the mobile and Pay TV businesses, 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

NetLink NBN Trust, Singtel among UOB's top alpha picks for Feb

SINGAPORE (Feb 8): UOB Kay Hian is maintaining its “buy” call on NetLink NBN Trust considering its dominant market share of 90% and 34% for residential and non-residential fibre connections, respectively, where growth is projected at a three-year CAGR of 6.2%-8.5% for FY18-21.

In a Friday report, analyst Jonathan Koh highlights NetLink’s current relationship with TPG Telecom as the latter’s provider of non-building address point (NBAP) connections for backhaul transmission.

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.”

Local telcos to face full effects of competition from TPG by mid-2019, says UOB

SINGAPORE (Jan 2): UOB Kay Hian has downgraded its view on Singapore’s telco sector to “market weight” from “overweight” in anticipation of intense competition from TPG Telecom.

The move comes as the fourth mobile entrant launched its trial service in Dec 2018 at “mind-blowing pricing” which incumbents would eventually be forced to match, in the research house’s view.

TPG unlikely to rattle incumbent telcos with 'abysmal capex': DBS

SINGAPORE (Nov 23): DBS Group Research is keeping its “buy” calls on Netlink NBN Trust, Singtel and StarHub, amid “abysmal capex” spent so far by new entrant TPG Telecom.

“At the current level of capex spend, TPG’s network at commercial launch in 2Q19 is unlikely to pose a major threat to the incumbents, in our view, due to potential network quality issues,” says analyst Sachin Mittal in a Wednesday report.

TPG Telecom needs Singapore approval before mobile unit spinoff

SINGAPORE (Aug 30): TPG Telecom must obtain regulatory approval before splitting its Singapore mobile business from the rest of the company, the Info-communications Media Development Authority of Singapore said.

Potential union of Australian telecom rivals a boost for Singtel

SINGAPORE (Aug 23): A potential marriage between two rivals in Australia could bring joy to Southeast Asia’s largest telco, Singapore Telecommunications.

A merger between Vodafone Hutchison Australia and TPG Telecom would see Singtel facing less competition in Australia, where it generates over half of its revenues.

“If a deal does proceed, we believe it would be positive for Singtel’s Australian business, Optus," Citigroup Global Markets Inc.’s analyst Arthur Pineda writes in a note.

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