Circles to benefit from industry consolidation: CEO Rameez Ansar
He believes that there will be less price competition and more focus on innovation
[SINGAPORE] The recent moves towards more consolidation in the telco space will allow companies such as Circles to focus on innovation, said Rameez Ansar, co-founder and chief executive officer of the virtual telco.
His recent comments come hot on the heels of surprise news a fortnight ago of Simba acquiring M1. The move will bring the number of mobile network operators (MNOs) in Singapore down to three: Singtel, StarHub and the M1-Simba entity.
Ansar weighed in on the consolidation in an interview with The Business Times, stating that it was “not surprising”, with mergers and acquisitions commonly taking place in other countries such as Australia, Indonesia and Malaysia.
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