Written by The Edge
Wednesday, 18 August 2010 15:57
Contrary to popular opinion, competition in Singapore’s telecom sector may not heat up in 2H10, says DBS Vickers, according to Dow Jones.
DBS Vickers doesn’t expect SingTel (Z74.SG) to pursue market share in Singapore mobile segment to offset potential weakness in its associates.
“SingTel is likely to focus on FY11 Singapore earnings by not over-engaging in handset subsidies,” says the broker.
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