Netlink Trust

[tanjm]

Over half of NLT's revenue is from residential.  Like tanjim, I was wondering if 5G could displace the 'last-mile' connection to homes, and this revenue.  Something like this or this - basically a wireless (beam-like) transmitter that goes through your window or is externally mounted, pointing to the telco's device (mounted on a street light for example) which accesses the fibre backbone.  Many homes could connect to a single access point.

Actually, I've concluded that because 5G would require many more base stations to be installed, NLT would gain from both installation and connection revenue, even if the overall traffic remains the same, even if it loses residential connection revenue.

The residential connection loss is not a slam dunk either. I think it is likely telcos will implement a network traffic cap for basic connections (even if it is to recoup its heavy infrastructure investment), so rendering the attractiveness of 5G as a last mile less attractive. There's no big reason to cannabalise their broadband business either. There might be an issue from new entrants to the market without an entrenched wired infrastructure.

[corydorus]

Wireless connection to each home will be quite messy as you need to install externally with visual to the base station. This is addition to wiring and power cabling within the each home. Not every home has a balcony. And I am not so sure you can do it outside your aircon unit space or room windows. I do not think is so straightforward. The roll out will be every limited within the next 5 to 10 years.

[touzi]

Wireless connection to each home will be quite messy as you need to install externally with visual to the base station. This is addition to wiring and power cabling within the each home. Not every home has a balcony. And I am not so sure you can do it outside your aircon unit space or room windows. I do not think is so straightforward. The roll out will be every limited within the next 5 to 10 years.

 I can receive 4G signal at home, indoor and I do not expect that will change with 5G. I don't think you need line of sight.

[corydorus]

Wireless connection to each home will be quite messy as you need to install externally with visual to the base station. This is addition to wiring and power cabling within the each home. Not every home has a balcony. And I am not so sure you can do it outside your aircon unit space or room windows. I do not think is so straightforward. The roll out will be every limited within the next 5 to 10 years.

 I can receive 4G signal at home, indoor and I do not expect that will change with 5G. I don't think you need line of sight.

Most articles I read shown is an issue. I think you mean using "Fixed wireless".  This is viable option which netlink bnb tr will benefits from existing fibre connection within home.

[specuvestor]

HK listed Comba was decimated by preparing for indoor base station surge due to 4G but turn out 4G can increase indoor coverage by increasing more outdoor coverage ie at a reduced proximity the signals could still go through obstacles. 5G supposed to be even higher frequency so penetration ability should be even lower.

[tanjm]

HK listed Comba was decimated by preparing for indoor base station surge due to 4G but turn out 4G can increase indoor coverage by increasing more outdoor coverage ie at a reduced proximity the signals could still go through obstacles. 5G supposed to be even higher frequency so penetration ability should be even lower.

I think that's right. Which is why 5G will need a lot of base stations ("small cell") plus all the NBAP connectivity charges that is implied.

[karlmarx]

SP Telecom to build alternative fibre network

SP Telecom is investing hundreds of millions of dollars over the next five years to build an alternative to the government-backed Next Generation Nationwide Broadband Network (NGNBN).

SP Telecom said yesterday its business-grade fibre broadband network services will be fully rolled out commercially in the first three months of next year, with the Government and businesses the target customers.

The new network - called the Software-Defined Network with Network Functions Virtualisation - aims to provide an alternative solution in the event of disruptions to the NGNBN, which was launched in 2010 and resold by Internet service providers to residential and business users. Fibre network operator NetLink Trust runs the NGNBN.

https://www.straitstimes.com/tech/sp-tel...re-network

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Competition is coming soon. But the market seems to be unfazed by the news.

Is NetLink still a buy-for-long-term at present price?

[opmi]

SP Group can do it.

LTA also can create a stat board to lay fibre rail lines and roads and lamp posts.

Then NParks can create a stat board to lay fibre along the park connectors.

hahah

[thor666]

SP Telecom to build alternative fibre network

SP Telecom is investing hundreds of millions of dollars over the next five years to build an alternative to the government-backed Next Generation Nationwide Broadband Network (NGNBN).

SP Telecom said yesterday its business-grade fibre broadband network services will be fully rolled out commercially in the first three months of next year, with the Government and businesses the target customers.

The new network - called the Software-Defined Network with Network Functions Virtualisation - aims to provide an alternative solution in the event of disruptions to the NGNBN, which was launched in 2010 and resold by Internet service providers to residential and business users. Fibre network operator NetLink Trust runs the NGNBN.

https://www.straitstimes.com/tech/sp-tel...re-network

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Competition is coming soon. But the market seems to be unfazed by the news.

Is NetLink still a buy-for-long-term at present price?

No competition as sp telecom offering seems to be dedicated only for enterprises.

If it is subsequently opened to consumers, likelihood of a few possible scenarios :
-government requirement
-the Sdn is woefully underutilised and need someone to pick up the slack
-netlink ngn has deteriorated to a point that the alternative is opened to consumers.

I am personally not sure how well sp telecoms offering can attract beyond govt agencies. Most enterprises are looking at high value, end to end, forward looking solutions at the right price point... The strongest competitors are cloud sp such as Google, amazon etc.

Sent from my ONEPLUS A5000 using Tapatalk

[weijian]

It is not exactly bad to have competition. A company that does not have competition, tends to kill itself.

We have well known local examples like SMRT and SingPost - entities that provided "public services" and were then privatized by the Gov, with little competition themselves n eventually causing their public service satisfaction levels to plunge. Granted, the business world is complex and there are many other contributing factors that caused their downfall, but I believe it certainly helps if someone is keeping you on your toes.

For example, Keppel Corp and Sembcorp Marine were 2 separate end result of multiple mergers since the 1980s as the shipyards consolidated. Temasek (SG Gov) is their common shareholder and it does seem it is Spore Inc's intention to have 2 major O&M players to compete against themselves to world class standards?

Of course, the current state of the local telcos come to mind with unbridled competition. But it wouldn't be too bad if the market consists just of oligopolies, isn't it?

At least John Hempton thinks that an oligopoly is much better than a monopoly - Limited competition in small markets with certain level of cooperation, are much more profitable than Monopolies which tend to eventually kill themselves.
http://brontecapital.blogspot.com/2019/0...s-and.html