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StarHub, M1 stocks dip, Singtel stays flat after spectrum auction

Final pricing for spectrum bands were higher than expected, says OCBC

Published Wed, Apr 5, 2017 · 09:50 PM

Singapore

STOCK prices of telcos M1 and StarHub fell marginally on Wednesday, while Singtel remained flat, following the conclusion of Info-communications Media Development Authority's (IMDA) first stage of the latest round of General Spectrum Auction (GSA) on Tuesday.

At the end of trading, M1 closed 4 cents down, or 1.85 per cent, at S$2.12. StarHub fell 2 cents, or 0.69 per cent, to S$2.86. …