Why M1 is all eyes on data plan services

11% of recontracting customers upgraded plans.

According to Phillip Securities, it remains positive on M1's data monetizing.

Phillip Securities noted that it is encouraged by management’s guidance this quarter that 11% of recontracting customers upgraded to higher tiered postpaid plans.

Here's more:

9% of customers also continue to exceed their data allowance. While M1 has not indicated interest in following SingTel’s expected increase in excess data charge to S$10.70, we think it likely for M1 to do so.

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