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Singapore Telecommunications Report Q3 2011
Business Monitor International, June 2011, Pages: 84
The Singapore Telecommunications Report provides industry professionals and strategists, corporate analysts, telecommunication associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Singapore's telecommunications industry.
The 3G sector continued to account for the majority of the Singapore’s mobile industry growth momentum due to robust demand for sophisticated smartphones and tablet computers bundled with attractively priced data plans. However, with the number of 3G subscribers reaching about 5mn in March 2011, we believe that operators will step up efforts to boost their revenue-generating ability by introducing value-added services in order to hedge against slowdown in 3G subscriber growth.
There were only minor changes to our expectations for Singapore’s mobile, fixed-line, broadband ARPU forecast scenarios between 2011 and 2015. We continue to expect the number of fixed lines in Singapore to increase to a high of 2.099mn in 2013 due to operators’ bundling strategy. Although the number of fixed-lines is increasing, we doubt that subscribers are using the service as much as operators would like to. Meanwhile, we expect the number of mobile subscribers to cross the 8mn mark in 2015, but we envisage the annual growth rate to decline to 1% in 2015 from 4% in 2011. The number of broadband subscribers is forecasts to reach 9.949mn, and the main driver will be wireless broadband technology such as LTE.
M1, Singapore’s smallest mobile operator, announced in May 2011 that it plans to offer nationwide LTE services by Q112. The company has applied to the country’s telecoms regulator to amend its licence in order to offer next-generation LTE, and we do not foresee any challenges given that Singapore Infocomm Development Authority has always embraced technological advancements. Huawei Technologies was contracted to provide base stations and network maintenance in a five-year deal worth SGD280mn. M1 was the first operator in Singapore to launch mobile broadband services in 2006 and continues to be a first mover in this sector. However, we expect local rivals Singapore Telecommunications (SingTel) and StarHub to follow suit given that they have also embarked on LTE trials.
Singapore fell to third position in BMI’s latest Business Environment Ratings for the Asia-Pacific region. This was due to declines in the country’s Industry Rewards, Country Rewards and Country Risk scores. Singapore held its general elections on May 7 and the incumbent People’s Action Party emerged victorious with 60.1% of the votes. This outcome is in line with our expectation and is broadly positive for economic and political stability going forward. However, we believe that the 2011 general elections marked the turning point. The WP has gained a lot of credibility in fielding strong candidates and the party has also narrowly lost in several key constituencies. For the longer term, we are optimistic that the opposition parties can mature enough to form a government for Singapore if needed.
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