Do M1’s Acquisitions Make Sense?
It is a well known fact that competition among telcos has been heating up in the last couple of years. All 3 telcos have been finding new sources of revenue outside their traditional telco businesses. They have been busy acquiring companies, such as Singtel’s acquisition of Turn for USD310M in Feb 2017 and Starhub’s acquisition of D’Crypt for up to SGD122M in Dec 2017. In comparison, M1’s acquisitions have been very small. So far, their acquisitions are as follow: Aug 2016 – SGD3.0M for a 30% stake in Octopus Retail Management, which provides Point-of-Sales (POS) solutions for retailers and...
Read More
Recent Comments