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From the latest Singtel Report ... Singtel wins mean someone lose.
Before TPG onboard, Market share I would expect large shift between the 3 planned already started.
Singapore Consumer segment
Mobile communications revenue stable
›Migration to higher tier plans & strong data growth offset declining roaming & voice
›Strong growth in prepaid revenue driven by data
Equipment sales up 23%
›Growth in sales volumes & increased mix of higher price handsets
IDD services down 15%
›Lower call traffic from data substitution
Home services3up 3%
›Up 5% excluding impact of one-off customer rebates4
›Subscription of higher tier plans
›2016-17 Premier League sub-license revenues
EBITDA up 5%
›Broadband & TV revenue growth offset decline in voice
›Continued focus on cost management
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MyRepublic said to seek private-equity backing for M1 pursuit
SINGAPORE (Bloomberg) - MyRepublic, the Singapore internet provider backed by billionaire Xavier Niel, is seeking a private-equity partner as it bids for local wireless carrier M1, according to people with knowledge of the matter.
MyRepublic, which last year unsuccessfully bid for Singapore's fourth mobile operator licence, has been approaching buyout firms about helping finance its planned offer for M1, the people said, asking not to be identified because the process is private.
M1 shares have risen 14 per cent this year, giving the company a market value of about S$2.1 billion.
Warburg Pincus had earlier expressed interest in M1, though the private equity firm is no longer pursuing a deal, the people said.
Shanxi Meijin Energy Co and China Broadband Capital also submitted first-round offers for Singapore's third-largest carrier, people with knowledge of the matter said last month.
More details in http://www.straitstimes.com/business/com...m1-pursuit
Specuvestor: Asset - Business - Structure.
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IMHO, the telco is very likely M1. M1 infra has the excess capacity and business model with MVNOs, unlike the rest of the telcos.
MyRepublic to become an MVNO telco, not interested in buying M1; to IPO in 2018-19
06 Jul 2017 12:55
By Amit Roy Choudhury
SETTING to rest months of speculation, fibre broadband services player MyRepublic said on Thursday that it is not interested in buying telco M1. Instead, in order to fulfil its mobile telco aspirations, the company will become a mobile virtual network operator (MVNO) in Singapore, buying mobile bandwidth wholesale from one of the telcos. The company's mobile services are likely to start later this year, probably in October.
MyRepublic is also planning an initial public offering (IPO) towards the end of next year or early 2019. The size of the float or the listing stock exchange has not yet been finalised. MyRepublic CEO Malcolm Rodrigues said that the IPO proceeds will, among other things, help finance the growth of the company to eight other markets in the South-east Asian region, especially in countries that are currently rolling out fibre broadband networks or are looking to do so. The company already operates - apart from Singapore - in Indonesia, Australia and New Zealand.
...
Source: Business Times Breaking News
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MR's partner isn't M1, than which telco is the one?
No MVNO talks with MyRepublic, says M1
Source: Business Times
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(11-07-2017, 09:20 AM)YMPL Wrote: MR's partner isn't M1, than which telco is the one?
No MVNO talks with MyRepublic, says M1
Source: Business Times Starhub CEO did drop some hints recently that they're working on it... 
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The CEO and the spokesperson told different stories?
Quote:“To clarify, we did not receive formal MVNO offers or enter into formal partnership discussions with any particular telco during those discussions,” a MyRepublic spokesperson told The Edge Singapore.
Quote:M1’s statement came after MyRepublic’s chief executive Malcolm Rodrigues told reporters last week that the company has signed an offer with a telco.
https://www.theedgesingapore.com/myrepub...vno-offers
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M1 continues to struggle in its 2Q17 release:
http://infopub.sgx.com/FileOpen/2Q17SGXA...eID=461858
It has increased its number of mobile and fibre customers, but this was at the expense of a 15% increase in customer acquisition cost. This was probably done in anticipation of the entrance of TPG. ARPU continues to fall across all users. Dividend fell from 7 cents to 5.2 cents. On a Q-on-Q basis, net profit only decreased marginally; the situation should remain stable until TPG's entrance.
But that's not all. Majority shareholders SPH, Axiata, and KT&T will not be selling their stake in M1:
http://infopub.sgx.com/FileOpen/SGX%20An...eID=461889
This is not unexpected. No one will want to buy something that is in a bad shape, unless the price is ridiculously low. Probably, the prospective buyers do not have the financial ability or the bid price was too low. The timing of the strategic review by the majority shareholders tells us that they want to dump M1 before its business results get worse, not simply because they wish to reduce their non-core assets. After all, M1 has been providing plenty of dividend income ($369m, $283m, $506m, to KT&T, SPH, and Axiata respectively), only until recently. If the majority shareholders wanted to reduce non-core assets, they would have done so just a few years earlier, when valuations were rich. But at that time M1's dividends were also at its highest. You wouldn't think of selling your golden goose, unless you believe it isn't going to produce as many eggs as it had, right?
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What happened ?
Price Alert: M1 (-8.333%) Last: 1.925 (-0.175) Vol: 1,330.9
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19-07-2017, 09:53 AM
(This post was last modified: 19-07-2017, 09:55 AM by Dividend Warrior.)
Red flags:
- Majority shareholders failed to sell off stakes bcos bidders probably gave low-ball offers
- Earnings keep dropping since 2014
- Dividends keep getting cut since 2014
- TPG competition incoming
- Already confirmed not partnering MyRepublic
My Dividend Investing Blog
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(19-07-2017, 09:53 AM)Dividend Warrior Wrote: Red flags:
- Majority shareholders failed to sell off stakes bcos bidders probably gave low-ball offers
- Earnings keep dropping since 2014
- Dividends keep getting cut since 2014
- TPG competition incoming
- Already confirmed not partnering MyRepublic
More To Add:
- CEO has been selling
- Gearing has been increasing
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