TPG may not be a game changer for Singapore telco market
Australian player's gearing bears watching given typical high entry costs required
Annabeth Leow
A DRAMATIC scene in J R R Tolkien's The Fellowship of the Ring has the heroes trapped in the caves of Moria, with a grim ledger warning of an advancing orc horde. "The end comes," their guidebook warns. "Drums, drums in the deep . . .They are coming."
Singapore telcos may be expected to be in a similarly dreaded position, as Australia's TPG Telecom gears up to enter the market at some point this year.
M1 warned in its quarterly results that it foresees a slip in second-half profits "in view of market seasonality and impending new competition".
