M1 (formerly: MobileOne)

[CityFarmer]

As an M1 subscriber for more than 20yrs, i have to say my patience is really running thin with them...they probably have the most service disruptions of the 3 telcomms.

M1 was formed in Aug 1994, and started to provide telecom service few years later on 1997. So unlikely there is M1 subscriber of more than 20 years?

Yes, I agree more disruptions recently on M1 service, comparing with the other two.

Ref: https://www.m1.com.sg/aboutm1/ourcompany

[CityFarmer]

I chose to post the news report here.

RSPs exclude the Big-Three, will continue to be marginalized, even with lower price. The main reason is the lacking of bundled telecom service with their fibre plans, IMO.

So far the market shares of "other RSPs" are pathetic, base on IDA monthly statistical report.

In fact, M1's strategy is similar as MyRepublic's, e.g. offer internet TV and other services over the broadband pipe, by partnering with content providers.

(vested)

Battle heats up in superfast broadband

SINGAPORE — Start-ups in the local fibre broadband market have thrown down the gauntlet to the bigger, more established players in a segment that they, as well as analysts, believe is going to gain more traction in time to come.

Last month, upstart MyRepublic, one of the retail service providers for the ultra-high-speed next-generation broadband network, upped the ante by offering a promotional price of S$50 per month for its 1 Gbps plan for the first 10,000 customers, a drastically-reduced rate compared with other players.

Even at its usual price of S$89, the plan still costs a fraction of those offered by telcos StarHub and M1, which respectively charge S$395.90 and S$399 for their packages.

Another provider, ViewQwest, offers its 1 Gbps package at S$149.95 a month.
...
http://www.todayonline.com/tech/battle-h...-broadband

[orangetea]

Happened to me before
When the modem or power trips, all call via home telephone is bye bye

In fact some in US "end of days people" rely traditional land line because it is independent and self powered.

I remembered watching a show when NY floods (though just a movie), the pay phone system still works when mobiles don't.

Just for thought...

[CityFarmer]

I saw only M1 offering Xioami phone in last weekend promotion, while Starhub and SingTel don't. I recalled Xiaomi doesn't partner with telecom operator to promote its phone. Does it mean Xiaomi changes its strategy?

M1 Q1 result announcement today. Let's see the result by end of today

(vested)

[Dividend Warrior]

M1's result is out.

- Service revenue increased 2.1% YoY to S$204m
- EBITDA margin at 40.0% of service revenue
- Net profit after tax increased 4.4% YoY to S$43m
- Mobile customer base stable at 2.10m
- Customer acquisition cost decreased 3.1% YoY to S$309
- Fibre customer base grew to 90,000
- Moderate growth in FY2014 net profit after tax

(Vested)

[CityFarmer]

M1's result is out.

- Service revenue increased 2.1% YoY to S$204m
- EBITDA margin at 40.0% of service revenue
- Net profit after tax increased 4.4% YoY to S$43m
- Mobile customer base stable at 2.10m
- Customer acquisition cost decreased 3.1% YoY to S$309
- Fibre customer base grew to 90,000
- Moderate growth in FY2014 net profit after tax

(Vested)

The story of the M1, should focus on the cash generation capability over the next few years, IMO.

Service revenue increased by 2%, while net profit increased by 4%, and most importantly the increment of 10% in OCF. The capex will taper down after FY2014, when the LTE-A is upgraded, and the completion of spectrum license renewal. The fibre service is a service base business, which demands little capex. FCF growth will be the key driver for M1 in the next few years, IMO

(vested)

[Dividend Warrior]

M1's result is out.

- Service revenue increased 2.1% YoY to S$204m
- EBITDA margin at 40.0% of service revenue
- Net profit after tax increased 4.4% YoY to S$43m
- Mobile customer base stable at 2.10m
- Customer acquisition cost decreased 3.1% YoY to S$309
- Fibre customer base grew to 90,000
- Moderate growth in FY2014 net profit after tax

(Vested)

The story of the M1, should focus on the cash generation capability over the next few years, IMO.

Service revenue increased by 2%, while net profit increased by 4%, and most importantly the increment of 10% in OCF. The capex will taper down after FY2014, when the LTE-A is upgraded, and the completion of spectrum license renewal. The fibre service is a service base business, which demands little capex. FCF growth will be the key driver for M1 in the next few years, IMO

(vested)

I agree. I am rather sanguine about M1's prospects too, compared to Singtel and Starhub.

[CityFarmer]

The initiative will not bring big $ into M1, but M1 seems more responsive to market trend, comparing with the other two, IMO...

(vested)

M1 partners GrabTaxi in carrier billing for cabbies
23 Apr 2014 12:27
TAXI drivers who are M1 customers will now be able to make GrabTaxi payments through their M1 bill.

These payments go towards a taxi driver's prepaid account with GrabTaxi, from which commissions are deducted when bookings are made.

This partnership with GrabTaxi, announced by M1 on Wednesday, is Singapore's first direct carrier billing service for taxi drivers.

Taxi drivers using M1's carrier billing service will also enjoy a 20 per cent bonus on each top-up sum of S$10, S$30, or S$50. At the same time, the first 10,000 M1 customers who book a taxi ride with the GrabTaxi app will get a S$3 discount. The offer is valid from now until May 31, 2014.

Source: Business Times Breaking News

[CityFarmer]

Base on the latest update of IDA statistic up to Mar 2014, the market share of the top 3 RSPs are

http://www.ida.gov.sg/Infocomm-Landscape...14-Jan-Jun

SingTel: 321K fiber users, or more than 58% market share
M1: 90K fiber users, or more than 16% market share
Starhub: estimated 140K fiber users (the actual number wasn't published by Starhub), or more than 25% market share

The MyRepublic 1G offer creating not even a scratch on market share of the trio. They continue to be marginalized.

(vested in M1)

[CityFarmer]

Maybank Kim Eng's analyst report on M1, rating BUY, TP $4.24

Purest data monetisation play
 Reiterate our BUY call on M1 with a raised DCF TP of SGD4.24. Remains our preferred sector pick.
 Blistering pace of data monetisation and falling handset subsidies to benefit M1 the most.
 Catalysts: Launch of Pay TV service and another special dividend this year.

http://research.maybank-ib.com/pdf/docum...4_6212.pdf