SINGAPORE (Nov 11): Units in NetLink NBN Trust fell on Monday afternoon, after the trust announced during the mid-day break that it will be supporting TPG Telecom in its 5G trial network across Singapore Science Park 1 and 2.
See: NetLink Trust kept at 'buy' by 5 houses on earnings visibility and 5G potential
NetLink Group’s operating arm, NetLink Trust, will be providing the fibre network infrastructure to connect TPG’s 5G mobile base stations.
As at 3.54pm, units in NetLink Trust are trading 3.5 cents lower, or down 3.6%, at 92.5 cents. Before the break at noon, units in the counter were trading at 95.5 cents, just half a cent lower than the closing price of 96 cents on Nov 8.
TPG, a subsidiary of Australian-listed TPG Telecom Group, is Singapore’s fourth mobile network operator. It plans to deploy an advanced 5G trial network with better than 99% 3.5GHz outdoor coverage across Singapore Science Parks 1 and 2 by 2020. This will be based on a commercially ready 5G core that follows the newest 5G standard – 3rd Generation Partnership Project (3GPP) Release 15.
The 3GPP Release 16 is expected to be finalised in 2020 and will feature higher speeds and data capacity transmissions while reducing network latency. This new release is expected to support enhancements such as Industrial Internet-of-Things and advanced automotive connectivity.
Tong Yew Heng, CEO of the trustee-manager says, “We are glad to support TPG Telecom with its 5G trial. We are also fully supportive of the Infocomm Media Development Authority’s (IMDA) objectives to achieve pervasive deployment of 5G infrastructure and grow the 5G innovation ecosystem. We look forward to working with industry partners to use our nationwide fibre network to accelerate the realisation of IMDA’s objectives.”
