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RHB keeps telco sector at 'neutral' as competition heats up

Samantha Chiew
Samantha Chiew • 3 min read
RHB keeps telco sector at 'neutral' as competition heats up
SINGAPORE (Dec 24): Singapore’s mobile revenues will remain under pressure in 2020.
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SINGAPORE (Dec 24): The mobile revenues of Singapore telcos will remain under pressure in 2020.

In a report released on Dec 19, RHB Research's team of analysts says it expects competition to be the key downside risk facing the industry in the coming year.

According to the report, the local mobile market is both competitive and fragmented with SIM penetration at over 150%.

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