M1 Stuck on Hold. Weak 4Q Numbers
With TPG's (TPM AU) entry looming, M1 (M1 SP) is seen as the most vulnerable operator. We would argue that much is in the price with the stock down...
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M1 Q4 2016: Subdued
M1 came out with a subdued set of Q4 2016 results. Revenue increased by 1.9% ( Although service revenues declined by 8% ) and together with costs...
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M1 Posts Disappointing 4Q Results, Capital Expenditure Going Up, Dividends Going Down
M1’s fourth-quarter 2016 result was again slightly worse than our expectations with services revenue down 3.9% year on year, EBITDA down 18.3% and...
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Singapore Wireless: TPG Entry and Early Moves from M1 and Starhub to Counter the Threat.
The news that TPG Telecom Ltd (TPM AU) won the 4th Singapore license was rather lost in the rush towards Christmas. To summarize: TPG was the...
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TPG Telecom Mobilises in Singapore; Fair Value Estimate Dialled Down
While we are maintaining our AUD 8.00 fair value estimate on narrow moat TPG Telecom, a recent trip to Singapore has heightened our reservations...
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