Telcos here likely to consolidate over next 3 years, say analysts

A report from financial services company Moody's said that competitive pressures from an increasingly crowded market will force local telcos to consolidate over the next three years, noting that Singapore is slated to have at least seven mobile opera
A report from financial services company Moody's said that competitive pressures from an increasingly crowded market will force local telcos to consolidate over the next three years, noting that Singapore is slated to have at least seven mobile operators this year.ST PHOTO: STEPHANIE YEOW

Competitive pressures from an increasingly crowded market will force local telcos to consolidate over the next three years, said analysts this week.

They noted that while Singtel will remain the market leader, its share of industry revenue and the subscriber market could be eroded by newcomers and the price war that will likely eventuate.

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A version of this article appeared in the print edition of The Straits Times on January 25, 2019, with the headline 'Telcos here likely to consolidate over next 3 years, say analysts'. Print Edition | Subscribe