SINGAPORE: Singapore telco M1 continually suffered from revenue cuts in its mobile segment in the past quarter.
According to DBS Vickers Securities, M1’s postpaid mobile revenues were flat as the increase in customer base driven by the increase in SIM-only and Circles.Life customers offset the decline in gross average revenue per user (ARPU) at $55.8, down 2.3% QoQ.
Meanwhile, prepaid mobile revenues continued to decline, with ARPUs slumping by another 4.5% QoQ to $11.
“We continue to expect pressures in mobile ARPU going forward owing to the impending entry of the fourth mobile player, TPG,” the brokerage firm said.
