M1 looks likely to join forces with StarHub. What will it mean?

SINGAPORE (Jan 25): UOB Kay Hian says the probability of M1 and StarHub sharing a common 5G radio access and backhaul transmission network to save cost is high, as both companies use Huawei and Nokia equipment.

In its results briefing, management says it is committed to work together with its rival although it is too early to estimate the potential costs savings. They also indicated that it takes 18-24 months to roll out a new mobile network.

“With the mobile landscape getting more competitive, M1 and StarHub are forced to collaborate,” says analyst Jonathan Koh in a Wednesday report. “Reiterate buy with target price at $2.48.”

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