TPG Telecom secures more certainty together with sufficient spectrum

SINGAPORE (April 6): DBS Vickers Securities is maintaining its “hold” calls on telcos M1 and Starhub after Tuesday’s conclusion of the first stage of the 2017 general spectrum auction (GSA), where the regulator Infocomm Media Development Authority (IMDA) raised about $1.14 billion in total.

(See also: ​Telco spectrum sale raises $1.1 bil from all four bidders)

The research house’s target prices for the two telcos are presently under review, pending the release of their results for the quarter to March 2017.

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