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Market's perception of risk for 5G players mixed; analysts expect telco tie-ups

Awarding four licences instead of two may raise risk perception but this could be contained by reasonably-priced spectrum

Singapore

VIEWS on the kind of risk to be borne by players in the upcoming 5G market have been mixed, following the surprise move by the Infocomm Media Development Authority (IMDA) to award up to four licences to operate 5G mobile networks, instead of two.

While Fitch Ratings expects investment risk for 5G "contained" over the next 18 months despite raised competition, Maybank Kim Eng analyst Luis Hilado said this could raise investors' perception of risk.

"Higher competition risks could dampen the...

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