Following up on the “Battle of the Telcos” series and my previous Singtel analysis, this week, I’ll be covering M1 and five important things you need to know about the company. But before we dive into that, here’s a background on M1’s business model.

The Business

M1 has three major shareholders: Axiata Investment (28.42%), Keppel Telecommunication & Transportation (19.15%), and Singapore Press Holding (13.32%). M1’s revenue generation is derived from four business segments which are mobile telecommunication services, international call services, fixed services, and handset sales.

Mobile Telecommunication Services

The major contributor is mobile telecommunication services which accounts 62% of total revenue generated. Mobile telecommunication services comprises M1’s postpaid and prepaid mobile services. Postpaid sales account 88.1% of mobile telecommunication services’ revenue.

Handset Sales

Handset sales are the second largest revenue contributor (23% of total revenue). This segment focuses on retailing smartphones from brands like Apple, ......