We have relaunched: What's new at ZDNet Asia?

ZDNet / News / Communications / Story

M1 prepares for OpCo position

By Victoria Ho, ZDNet Asia on January 16th, 2009

Summary

In anticipation of Singapore's National Broadband Network, MobileOne is moving from a single-play operator role to multi-play, it said.

Topics

broadband service, chief marketing officer, dip, handset sale, ip television, m1, mobile tv, sales, service revenue, telecommunications company

Events

The 2nd InfoSecurity Summit HK 2010
17 Mar 2010

Hong Kong Convention and Exhibition Centre, Hong Kong

IT Architect Regional Conference Singapore 2010
20 - 21 Apr 2010

Singapore Management University, Singapore

The Internet Show 2010
21-22 Apr 2010

Suntec Singapore

SINGAPORE--In anticipation of the country's planned National Broadband Network (NBN), MobileOne (M1) is moving from being a single-play operator to multi-play, it said during a financial results announcement Friday.

The Singaporean telco is a pre-qualified bidder for the Operating Company (OpCo) role for the nationwide project.

Having rolled out a fixed broadband service in August last year, M1's chief financial officer, Karen Kooi said this move, in addition to rolling out mobile TV and IPTV services, is aimed at preparing the company for the OpCo role.

"We have started [rolling out] to give us the customer base and expertise to be able to prepare... Maintaining margins [on these services] is not the main priority yet," Kooi said.

M1 is eyeing opportunities as both an access and content provider for the NBN, she said. "There is a big opportunity in access, and a smaller one in content. But we're not giving up on either," she said.

The winning bid is expected to be announced in the first quarter of this year.

"Regardless of the outcome of our bid, a neutral and transparent open access environment will help M1 compete more effectively in the fixed space as a retail service provider," she said.

M1 also disclosed its financial results for last year, which showed operating revenue at S$801 million (US$535 million) while service revenue rose by 1.6 percent to S$738.5 million (US$492.8 million).

Net profit for the year, however, declined 4.5 percent to S$150.1 million (US$100.1 million).

The rise in service revenues helped offset a dip in handset sales of 0.3 percent. M1 chief marketing officer, P. Subramaniam, said the dip in handset sales were due to the smaller variety and cheaper price points of the models last year.

International call revenues went up 7.9 percent, with call traffic growing 70 percent to 526 million minutes, up from 310 million minutes in 2007.

Average retention cost per customer was higher than last year, while average acquisition cost was lower due to more targeted offers for customers, said Subramaniam.

On the recent departure of M1's ex-CEO, Neil Montefiore, Kooi was mum on the details of the new CEO, saying that the nominating committee is "going through the process of selection", and that a three month period is "normal" before the next CEO is selected.

Related stories

M1 to get new CEO

M1 has its eye on FMC

M1 service lets mobiles share

Talkback

Add your opinion

In order to post a comment, you need to be registered. (Sign In or register below)

Post your comment
Transform your business interactions with real-time voice, video and telepresence solutions.
Tech Vendor: Cisco

ZDNet Asia Live

SEO Jobs in India - ZDNet Asia http://bit.ly/c2JxOH

9 hours 44 minutes ago by jagbirsinghseo on topsy

[TECH] URL Shorteners slow Web redirection. - http://bit.ly/bySnWK @zdnetasia

URL shorteners are great but they can slow web redirection & you pray it would never go down http://bit.ly/bySnWK via @zdnetasia

#Cloud #Telecom Indian IT to clock double-digit growth in 2010 - Zd Net Asia.com: ... manager of India and Sou... http://bit.ly/dilbUI #TCN

13 hours 16 minutes ago by telecomcloudnet on topsy

Temasek Holdings eyeing tech stocks, indicating optimistic outlook on IT sector. http://bit.ly/aM7VwU

URL shorteners slow Web redirection. http://bit.ly/bySnWK

Chinese agencies cry foul over Google. http://bit.ly/by6rwV

Philippine antipiracy drive focuses on enterprises. http://bit.ly/aWryDC

Gartner: China to become world's fastest-growing enterprise software market. http://bit.ly/bqJTtb

all of sg's isps have been practising compulsory invisible proxy for all home subscribers at their backend since many years back alre...

16 hours 42 minutes ago by melvinchia on Web filters mean bad news for business

it is not to good for china.
Proactol

19 hours 27 minutes ago by nathonastle on Chinese ad partners beg Google for information

Salesforce.com is giving 5,000 developers access to its social networking and collaboration platform http://bit.ly/9dbNw5

19 hours 35 minutes ago by abhishekkatiyar on topsy

RT @zdnetasia: HP touts new products and management and productivity tools to address business computing pain points. http://bit.ly/dudgA6

For those with a computer science background, or interested in the high performance computing scene: http://bit.ly/9vFC3i

HP touts new products and management and productivity tools to address business computing pain points. http://bit.ly/dudgA6

** S'pore govt launches traffic Web app. http://www.zdnetasia.com/s-pore-...

the new look site is very nice @zdnetasia @zdnetaustralia

Big up to my peeps at www.ZDNet.com.au (and www.ZDNetasia.com and www.ZDNet.com.uk). Loving the redesign!

Holiday homes for sale : ZDNet Asia Blogs : by http://bit.ly/aNsfp1

1 day 31 minutes ago by moonflowerstarf on topsy

McAfee steps up cloud assurance - Zd Net Asia.com
http://www.zdnetasia.com/mcafee-...

Interesting take on social analystics. http://www.zdnetasia.com/blogs/w...

Very good explanation of JMX

1 day 32 minutes ago by Babith B on Managing applications with JMX

The reaction to a report issued Tuesday by Flurry Analytics managed to completely overlook some interesting news--the Android-based Motorola Droid outsold the original iPhone over the same period of time following their respective launches--to focus instead on the sales numbers for the Nexus One.

1 day 36 minutes ago by lonemavericks on diggs

Another ZTE story....

1 day 38 minutes ago by Moderate Your Greed on Philippines opens bid for final 3G license

We at www.fifosys.com have also seen a growth in IT outsourcing and anticipate it as a growing field.

2 days 11 minutes ago by sarah Jane on Companies' outsourcing spend to increase

I agree with you. The iSiVaL is super portable and TVs can't expand their image size. I recorded a video that might bring some ideas to...

2 days 41 minutes ago by Jesse B Andersen on Buying a projector? Try an LED TV instead

hermm... he deserved it.. he shud not talk abt sensitive things like tat, well, he shud think twice before saying all those things, event...

2 days 19 minutes ago by ... on Facebook user charged in Malaysia

Password manager tools are potential security threat. Criminals who hack into the computer can use the password manager to log onto any s...

2 days 20 minutes ago by ohanae on What defaults should random password generators use?

I've found the cross platform utility unetbootin to be rather handy for this kind of thing as well.

2 days 54 minutes ago by Jim on Use Live USB Creator to install Fedora 12 from a USB stick

Thanks for the article. I think the debug command has an "\" after "C:" it should say w32tm /debug /enable /file:C:\l...

2 days 54 minutes ago by Roger Biefer on Manage time accuracy with W32Tm

available in singapore now
http://www.portablemall.com.sg/goods-71-Microsoft+Zune+HD+32GB+-+Platinum.html

2 days 31 minutes ago by steve on Microsoft coy on apps for Zune HD

How about just using http://www.random.org/strings/? It is very configurable, satisfies all of the flexibility requirements you have ment...

2 days 36 minutes ago by Varun V Nair on What defaults should random password generators use?

Wi-Fi as the "Rodney Dangerfield of wireless", is a catchy metaphor, but it's already been used. In fact, it was the title of a...

3 days 36 minutes ago by Martin Suter on Selina Lo: Wired up for Wi-Fi in Asia

Dear Sir/Madam, I am Narasimha Rao.L. From bangalore India , i searching job in abroad , in electronics field, i have 6+ years exp....

4 days 38 minutes ago by Anonymous on Hot tech jobs in Singapore

Good article, computational aspect of acquired knowledge from the social platform is really questionable, given that there are a lot of p...

4 days 44 minutes ago by JN on What will social analytics say about your company?

Keep up with ZDNet Asia

Linkedin Join our network

RSS Feeds Subscribe now

Newsletters Subscribe today

Twitter Follow us

Inside ZDNet Asia

Special Report: Tech Focus in 2010

Latest Videos on Tech Industry

Insight: Interviews with Newsmakers

Search for over 15,000 Tech Jobs in Asia

Find your Tech answers in TechGuides

IT Library: Over 60,000 IT papers at your fingertips

Download IT Priorities 2010 Report