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M1's Q4 net profit down 27.1% to S$31.8m

Wednesday, January 25, 2017 - 05:50

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Singapore's three telcos, including M1, are feeling the pressure as users switch to OTT services such as WhatsApp, WeChat and Skype from traditional telco services.

Singapore

WITH traditional telecommunication services being disrupted by OTT (over-the-top) services, M1 on Tuesday reported a 27.1 per cent drop in fourth-quarter net profit to S$31.8 million, from S$43.6 million one year ago, for the period ending Dec 31, 2016.

The fall in net

sentifi.com

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