WITH strong subscriber growth in fixed broadband, fixed-line players are expected to fare better than mobile operators in 2021, according to equity analysts.
UOB Kay Hian Research points out that third-quarter (Q3) fibre rollout had surpassed targets despite the lockdown, as the Jendela (National Digital Network) initiative delivered a third consecutive quarter of exceeded targets.
The research unit notes that key highlights at end-September 2021 included net additions of 378,000 quarter-on-quarter fibre broadband passes to 6.4 million and average mobile broadband speed at 31.34Mbps while 4G coverage is now at 94.03%.
“Encouragingly, the fibre broadband passes have reached 211.4% of Q3 2021 target of 179,013 net additions despite a tightened lockdown from June to August 2021.
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