Singapore’s major telecom operators saw roaming traffic improve and cost restraint ease during the fourth quarter of last year, although RHB Research cautioned that tight competition in the industry is expected to continue moving forward.
Overall, the sector’s mobile average revenue per unit continued to increase mainly due to recovering roaming traffic and greater 5G adoption. The enterprise segment, however, was still hampered by the challenging macro environment and prolonged inflationary pressures, despite a resilient “structural demand” for digital.
“Competition within mobile still keen with Simba Telecom on the offensive,” they said in a 14 March note. “While the price skirmish is largely focused at the lower end of the market and involves mobile virtual network operators, Singtel and StarHub have responded via tactical promotions.” “We believe Singtel is on track to meet the higher end of its 70-90% DPR , supported by capital management activities and 1.5x net debt/EBITDA,” the analysts wrote. “Downside risks: Competition, weaker than expected earnings and FX rates.”...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.