M1 boosts its fibre broadband segment

It added 8,000 subscribers over the past seven quarters.

M1 is steadily expanding its digital solutions by managing to attract 8,000 fibre broadband customers in the past seven quarters.

According to UOB Kay Hian, its revenue contribution from fixed services has increased 21.5% yoy and accounted for 15.2% of service revenue in 2Q17.

"M1 is an approved vendor and has secured a few contracts from government ministries involving leased circuits, WiFi, managed services and analytics," UOB Kay Hian said.

These new projects incur upfront capex to roll out infrastructure in 1H17 and require a gestation period of 5-6 months before making a full impact starting 2H17.

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