SingTel

[Drizzt]

the expensive part is not the technology. it is the need for more spectrum. that is the expensive part

Yes, agree, spectrum is the most expensive part of the 4G, in fact for all mobile tech deployments. When i refer to technology, i mean spectrum cost included.

I noted the following statement, sounds as music to me...

"The brokerage noted that with the exception of M1, which expects to see moderate earnings growth this year, both SingTel and StarHub were muted in their outlook."

you got to relook your growth model cityfarmer. what is your DCF growth rate for singtel?

Well, i meant M1's growth, rather on SingTel's growth, in case you mis-understood the previous posting.

For SingTel, it is not a growth story, but an asset story for me.

(vested both on SingTel and M1)

hi cityfarmer, why would you say it is an asset story? i think i am just skeptical about this digital segment. although i am always wrong about potential. Singtel have till now show that their reinvestment's of cash flow have been far lower compare to sticking to singapore.

so this was a step that they have to take else they will be consider a dump pipe. the dynamics are rather different. They are now not only competiting with m1 or starhub, but sph, singpost, google and amazon possibly. can't say i am an expert but can only based on their past capital allocating skills.

i am not optimistic.