Singapore
LIKE a good detective story, the narrative threads are coming together in Singapore's telco market.
The basic plot elements are the same, starting with the murder - of average revenues per user (ARPUs) - and the usual suspects, like mobile virtual network operators (MVNOs).
But the suspense ended elsewhere, such as September's general offer for M1 by two major shareholders - a twist prefigured when a review in 2017 found no attractive third-party buyers for Keppel Corp and Singapore Press Holdings' (SPH) stakes. SPH publishes The Business Times.
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