TPG Telecom

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 Singtel’s was slightly under. Nonetheless, the research house continues to favour Singtel and NetLink NBN Trust with a “buy” rating for both and the respective fair ...
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 ...
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 ...
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. To ...
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 ...
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. The regulator has a priority to ensure TPG Singapore “will fully meet all its licence and regulatory obligations” after it announced on Thursday the US$8 billion ($11 billion) ...
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 ...
Singapore's 139-year-old telecom has plans for millennials
SINGAPORE (July 11): Singapore Telecommunications was around back when the telegraph was still cool. Now the 139-year-old company is experimenting with video games as a way to raise its profile with millennials. The telecom giant yesterday announced it plans to start a competitive gaming league this year and will eventually sponsor its own team. Esports may already be big business in ...
StarHub may be set for a turnaround with incoming CEO after share price plunges 42%
(July 3): After plunging about 42% this year, StarHub shares may be set for a modest turnaround, just as incoming Chief Executive Officer Peter Kaliaropoulos takes over next week. “There is a bottom,” Ramakrishna Maruvada, an analyst at Daiwa Securities Group, said in an interview. He upgraded the shares to hold from sell last week, citing the plunge this year as evidence that the ...
Singtel, Optus aiming not to compete on pricing but on experience: OCBC
SINGAPORE (June 20): OCBC Investment Research says Singtel’s guidance for dividends to be maintained at 17.5 cents for FY19 and FY20 signals a stable cashflow outlook despite the competitive pressures. Management intends to keep traditional carriage revenues flat over five years as voice-to-data substitution continues, but aims to grow digital and enterprise revenues as a proportion of ...