Brokers' take

Telecommunications sector | Under review

UOB Kay Hian, May 10

MyRepublic plans to establish a fourth mobile operator that is radically different from the traditional incumbents. It leverages on extensive coverage provided by the 900MHz (MegaHertz or a million Hertz) frequency band, new SDN (software-defined networking) and NFV (network functions virtualisation) technologies and an all-IP mobile network on 4.5G LTE. Advance to minimise capex to S$250 million. It has an efficient cost structure through its lean operator model and expects to break even with just a market share of 4-5 per cent. Our recommendation for the sector is Under Review as we monitor the progress of fund raising at MyRepublic and ConsisTel/OMGtel.