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Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

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<p>Recent data suggests that the mobile environment in Singapore remains tough. Service revenues continue to fall YoY as they have done for the past five quarters. We see ARPU pressures increasing (already hurt by lower roaming and IDD revenue plus the rise of SIM only plans) as the incumbent operators position themselves ahead of <a href="https://www.smartkarma.com/entities/323" target="_blank" data-smartkarma-citation="entities:323:1">TPG's (TPM AU)</a> entry in 2018. One initiative that is worthy of attention is the possible rise of MVNOs in Singapore. We look at the Circles/Life offering below and…</p>

Recent data suggests that the mobile environment in Singapore remains tough. Service revenues continue to fall YoY as they have done for the past five quarters. We see ARPU pressures increasing (already hurt by lower roaming and IDD revenue plus the rise of SIM only plans) as the incumbent operators position themselves ahead of TPG's (TPM AU) entry in 2018. One initiative that is worthy of attention is the possible rise of MVNOs in Singapore. We look at the Circles/Life offering below and…

Singapore Telcos. New MVNOs May Be a Solution, Not a Problem Ahead of TPG Entry.