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Konnectivity, the joint venture buying out Singapore’s M1, has revealed plans to embark on a multi-year transformation of the operator to enhance its competitiveness in the market. The venture revealed it will compulsorily acquire the remaining shares in M1…
Konnectivity Corp has succeeded in its takeover attempt for Singapore’s third largest operator M1 and will now take the company private. Konnectivity, the joint venture established by major M1 shareholders Keppel Corp and Singapore Press Holdings, has…
Singapore conglomerate Keppel Corp and Singapore Press Holdings (SPH) said they will not raise their offer price to gain majority control of mobile operator M1 Ltd, a move that could put pressure on Axiata Group, M1’s single largest shareholder. Keppel and…
Signs have not been good lately for Singtel, StarHub and M1, the country’s three large telecommunications companies. Technological innovations, as well as changes in regulations, have sent shock waves through the big three companies, and virtual mobile telcos…
Singapore’s M1 has reported flat profit for the first quarter despite a 3% year-on-year increase in service revenue. The operator’s net profit stayed stable year-on-year at S$34.8 million ($26.5 million), but this represented an 8.3% increase compared to the…
Singapore’s M1 has joined StarHub in looking to carve out a share of Singapore’s new open electricity market. M1 has announced a collaboration with Keppel Electric, a participating electricity retailer in Singapore’s Jurong open electricity market (OEM) soft…
Singapore’s M1 has upgraded and expanded its suite of services for corporate customers, including through the introduction of the world’s first 10Gbps symmetrical passive optical network. The new symmetric PON service will allow M1 to provide low-latency…
Singapore’s M1 has expanded its data-heavy mySIM mobile plans to bundle the offers with handset subsidies. M1 launched a range of SIM-only plans in 2015 that offered large data allocations for customers who do not need a new handset. Building on the…
Singapore’s M1 has announced the launch of Southeast Asia’s first commercial nationwide narrowband IoT network. M1 and its partners are using the network to make available IoT solutions in fields including smart energy management for buildings, environmental…
Singapore’s M1 has reported a 17.6% slump in net profit for the first half of the year to S$68.8 million ($50.3 million) as a result of flat revenue and higher depreciation and interest expenses. Service revenue stayed at $406.2 million despite a 22.3%…
Major shareholders in Singapore’s M1 have reportedly approached China Mobile with an offer to sell their majority stake in the operator. Malaysia’s Axiata Group, Singapore Press Holdings and Keppel T&T – which together hold a controlling 61% stake in M1 – are…
Singapore’s M1 has reported a 14.6% year-on-year decline in post-tax profit for the March quarter to S$36.3 million ($26 million), attributing the result in part to higher depreciation and interest costs. Operating revenue grew 1.2% to S$260.7 million, with…
Singapore’s M1has launched new cross-border digital mobile remittance supporting transfers to multiple APAC destinations. The service named M1 Remit is available to users of M1 mobile phone numbers holding valid NRIC/FIN/Work Passes in Singapore. Users of the…
Singapore’s M1 Limited has announced plans to launch the nation’s first cloud-based virtual enhanced packet core (vEPC) network solution with Huawei. The deployment is aimed at further enhancing M1’s core network resiliency, while also enabling dynamic and…
Despite speculation, Singapore operator StarHub has no intention of acquiring or merging with struggling rival M1, according to reports. StarHub’s management does not plan to acquire M1, Singapore’s smallest major operator whose major shareholders recently…
Singapore’s M1 has reported a 16.1% slump in net profit for 2016 to S$149.7 million ($105.3 million), blaming lower international call and roaming revenues as well as rising expenses. The operator’s service revenue for the year fell 2% to S$805.5 million, due…
