Telcos

Analysts warn that better connectivity may not be enough to persuade customers to pay a premium for mobile plans

NetLink Trust said fibre cables were damaged during construction works

The group’s underlying profit is still robust at S$831 million, up 21% from a year earlier

Group revenue falls 1.4% to S$101.3 million, from S$102.8 million

Citigroup is the arranger of the deal and has approached other banks to gauge their interest, sources say

Deliberations are ongoing and may not lead to a transaction, sources say

This follows renewed expectations of a deal between Singapore’s second and third-largest mobile operators

Some operators have retired their older 5G networks, while Simba has yet to announce a timeline for completing the shift to standalone services

Regional experience such as in Thailand suggests that consolidation often leads to more disciplined pricing