Skip to main content

M1 snags 20K additional mobile subs ahead of TPG network launch

While losing 25,000 prepaid mobile customers across 2017, M1 gained 45,000 post-paid customers, although it is expecting competition to grow once fourth provider TPG enters the market at the end of this year.

Singaporean telecommunications company M1 has reported its full-year financial results for 2017, announcing that it had gained 20,000 mobile subscribers by the end of December.
The gains came from 45,000 additions to its post-paid customer base to a total of 1.247 million customers, partially offset by 25,000 customers lost from its prepaid base down to 747,000.
M1 brought in SG$642.5 million operating revenue in mobile telco services during the quarter, up slightly from SG$640 million a year earlier, despite average revenue per user (ARPU) falling across both post-paid and prepaid, from SG$50.30 to SG$48.70 net per month and SG$12.20 to SG$10.70 per month, respectively.
M1 held a 25.1 percent market share in post-paid as of December 31, and 22.3 percent prepaid market share; however, it added that it foresees competition increasing in 2018 due to the launch of a fourth provider in the Singaporean mobile market.
TPG is expecting to complete its Singapore outdoor mobile network by the end of 2018.
M1 also mirrored the statement from its third-quarter financials that profit drops could continue due to expanding its IT offerings.
"As we transform to a smart communications provider, we progressively scale up our ICT capabilities and portfolio of digital services to capture opportunities in IoT and Smart Nation," M1 CEO Karen Kooi said.
"The digitalisation will improve operational efficiency and enhance our customer touch points, providing a seamless experience for digital natives and tech-savvy segment."
M1 reported a total net profit for 2017 of SG$132.5 million, down 11.5 percent from SG$149.7 million, which it attributed to increased depreciation and amortisation expenses and higher interest expenses.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at SG$302.5 million, down 3.1 percent from SG$312,1 million, while operating revenue rose by 1 percent to SG$1.1 billion.
Fixed services brought in SG$129.7 million in operating revenue, SG$25.5 million more than last year due to adding 29,000 fibre customers for a total of 189,000 despite fibre ARPU dropping from SG$45.10 to SG$43.50 per month.
M1 had launched the world's first symmetrical 10Gbps fibre broadbandpassive optical network (PON) service in October, offering the new speeds to corporate customers.
At the same time, it announced an expansion of its fibre-to-the-building (FttB) service and an upgrade of its unified operations monitoring centre (UOMC), with its emphasis on security following the launch of a network-based malware detection solution for smartphones with Nokia in September.
For the full year, international call services and handset sales both dropped in operating revenue, contributing SG$55.9 million and SG$243 million, respectively.
During the year, M1 launched a narrowband Internet of Things (NB-IoT) network, purchased spectrum for its 4G and 5G networks, and completedtrials of controlling drones via its 4.5G HetNet, with the provider saying it spent SG$151.1 million on capex in 2017, up from SG$140.5 million in 2016.
"Capital commitment as at 31 December 2017 was SG$199.8 million, which includes SG$188 million for the 700MHz spectrum," the company added.

RELATED COVERAGE

Singapore Tourism Board has inked a three-year agreement with ride-hailing operator Grab to offer the latter's mobile wallet service at tourist hotspots and analyse visitors' behavioural and transport patterns.
Southern Cross Cables has announced signing on Fintel in Fiji, Teletok in Tokelau, and BwebwerikiNET in Kiribati to its 60Tbps NEXT subsea cable system between Australia, New Zealand, and the US.
Country's water agency has invited the tech industry to pitch for proposals worth S$30 million (US$22.68 million) aimed at enhancing water treatment processes and operations.
Some 28 percent of Singapore businesses believe digital innovation is critical to their survival, with 60 percent urging the country's 2018 budget to support for digital transformation, reveals study.
The latest update to Android Oreo starts rolling out today on select devices.
Airport Wi-Fi, public USB charging stations, and border agents just doing their jobs can all pose a threat to your cybersecurity. Here are five tips to reduce the threats.
Mobile device computing policy (Tech Pro Research)
Mobile devices offer convenience and flexibility for the modern workforce-but they also bring associated risks and support issues. This policy establishes guidelines to help ensure safe and productive mobility.

Comments

Popular posts from this blog

Brain and Multitasking

Brain and Multitasking Hey guys in this article we'll talk about Brain and Multitasking....
When you try to do two things at once, you can't or won't do either well. If you think multitasking is an effective way to get more done, you've got it backward. It's an effective way to get less done.

Right now, you might be reading this article while clicking around the internet, watching the news on TV or brushing your teeth. You're trying to save time by doing multiple things at once. But multitasking is lie.
It's a lie because nearly everyone accepts it as an effective thing to do. It's become so mainstream that people actually think it's something they should do, and do as often as possible.
We not only hear talk about doing it, we even hear talk about getting better at it. More than six million web pages offer answer on how to do it, and career websites list "multitasking" as a skill for employees to target for prospective hires to list as a…

Learn about Machine Learning - Tecetha.com

Learn about Machine LearningToday we’ll learn about machine learning. How does this machine as we learn? So in this article we talk about machine learning. Maybe sometime you know about machine learning or maybe not. If you don’t  know about this, this article for you.

Mainly and simply this machine learn as human. Human brain made up with Neural Network. So this neural network gets data from our sensory organs and learns through them. Human brain also can make decisions with these data. In fact, the human brain is considered the most complex machine currently in the world. Also AI has this ability for doing machine learning, just like the brain. AI has big Neural Network, and it can learn faster than brain.
So how can we explain this "machine learning"? We already have a web tool for this. You can visit this site through this link. Teachable Machine: https://teachablemachine.withgoogle.comFor this experiment we need desktop or laptop computer, and web camera. Also you can use…

New Xbox One bundles include PlayerUnknown's Battlegrounds, Minecraft

Get on board with PUBG and an Xbox One X, or opt for Minecraft with an Xbox One S.


Microsoft has no shortage of Xbox One bundles available, but it's adding two more to the mix this week. And whether you're looking to jump in the Xbox ecosystem with a One X or One S, there's something here for everyone. On the Xbox One X side of things, Microsoft is bundling battle royale hit PlayerUnknown's Battlegrounds (PUBG) with the system. Altogether, the bundle includes a download for the full PUBG game, along with a standard 1TB Xbox One X, a wireless controller, and one-month trials for Xbox Game Pass and Xbox Live Gold. Microsoft says this bundle will hit retailers around the world starting "later this week" for $499. As for the Xbox One S, Microsoft is introducing another Minecraft bundle, which includes a full version of the Minecraft game with the Explorer's Pack, along with season one of Minecraft: Story Mode. The bundle also throws in a one-month trial for X…