PETALING JAYA: Telecoms companies that roll out 5G in Asean will have no major revenue opportunity in the next three years, as deployment will be more measured.
“We see most risk in Thailand, where telcos may jostle for 5G leadership, and slight earnings dilution in Malaysia. 5G may be slightly positive for Singapore telcos as it may help stabilise competition.
“Without 5G till 2024, Indonesia’s data-led earnings growth story remains the simplest and best among Asean-4 (Malaysia, Thailand, Indonesia and Singapore), in our view, ’’ CGS-CIMB said in a note.
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