M1 seeks to exploit Keppel links to exploit B2B, report says

Singapore Business Review says that the country’s third largest mobile operator by subscribers M1 could look to exploit the benefits afforded by being part of the Keppel Group to take a significant portion of the estimated SGD16 billion (USD11.7 billion) B2B connectivity market. The online report cites a note by brokerage UOB KayHian which claims that since the start of this year M1’s new management team has been putting in place the firm’s transformation strategy, including moves to boost B2B and B2C traffic/revenue derived within the Keppel Group, as well as reducing physical channel costs and improving internal processes such as fixed line activation. The report adds that M1, which currently controls 24.8% of the market according to TeleGeography’s GlobalComms Database, has set out a short-term strategy to reduce overall opex, bolster its current offerings (e.g. OnePlan, its simplified mobile offering launched in May 2019 that has already attracted 50,000 subscribers) and develop new markets.