Telco

Telco: SMRT partners Consistel to bid for telco license
SMRT is partnering OMGTEL in its bid to be the fourth telco in Singapore.

OMGTEL is a unit of Consistel, a system integrator which manufactures its own proprietary technology and software to provide in-building solutions for improved coverage. The group is best known as the builder of the wireless network at SportsHub.

Maybank-KE believes if OMGTEL could execute its plans well, the group may be a game-changer, given SMRT's access to 2m rail commuters.

Together with MyRepublic, this raises the risk to two potential entrants in the telco market after a decade of having only three operators.

Spectrum auctions are expected to be held later this year or 1Q16.

With the new interests in the sector, Maybank-KE has recently reshuffled its order of preference for the telcos and favors StarHub for its strong bundled plans and compelling TV content.

Maybank-KE telco ratings:
StarHub: Buy with TP of $5.00
SingTel: Hold with TP of $4.55
M1: Hold with TP of $3.65