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
New: Gift this subscriber-only story to your friends and family

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.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.

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. Subscribe