Singapore reverses mobile downward trend with market growth resuming after eight years

NEWS PROVIDED BY
Idem Est Research & Advisory
2 May 2023, 16:00 AEST
Singapore Telecom Industry Market Report forecasts 12m mobile and fixed broadband subscribers by 2030
Sydney, 2 May 2023 /Newswire/ -- Idem Est Research and Advisory, a boutique firm specialising in telecommunications and digital infrastructure market research and advisory has released a new research report titled Singapore Telecom Industry, 2023-2030.
Singapore, 2 May 2023 - The telecommunications market in Singapore has remained resilient despite facing significant challenges in recent years. According to Idem Est Research, the mobile revenue market resumed growth after eight consecutive years of decline, driven by increasing demand for mobile data and a jump of 10% in mobile subscribers in 2022. On the fixed broadband front, Singapore remains the world-leading Gigbabit nation with offers up to 10Gbps for less than USD100 per month.
"Idem Est Research forecasts that mobile subscribers will reach 10.5 million by 2030 while the fixed broadband market continues to grow and remains the world leader in gigabit speeds. "The telecommunications industry is expected to maintain revenue growth momentum, with an average growth rate of 1.5% from 2023 to 2030", says Landry Fevre, Idem Est Research & Advisory's Director
Investments in the telecoms sector bottomed out in 2018 and telecommunications service providers are expected to maintain capital expenditure growth momentum in 2023-30, to an average rate of 1.8% by 2030.
Telecommunications infrastructure assets, such as mobile towers, data centres, submarine cables and fibre infrastructure, are attracting high valuation multiples from infrastructure funds, pension funds, and government funds, offering investment opportunities. Following Keppel-owned M1, Singtel announced the creation of a new digital infrastructure division intending to potentially realise some value.
Despite these positive developments, the telecommunications market in Singapore faces several challenges. One of the biggest challenges is the intense competition among service providers, which has resulted in declining margins and reduced profitability, with the new mobile entrant Simba planning to also enter the broadband market. In addition, the market is also facing regulatory pressures, particularly in the areas of data privacy and cybersecurity.
"Despite the challenges facing the telecommunications market in Singapore, we remain optimistic about its future growth prospects," said Landry Fevre. "By leveraging new technologies and investing in innovation, we believe that service providers can continue to drive growth and remain competitive in this dynamic market."
KEY COMPANIES MENTIONED IN THIS AUSTRALIA TELECOMS INDUSTRY REPORT:
Circles.Life, Keppel, M1, MyRepublic, Netlink Trust, Starhub, Simba, Singtel, TPG

Download the full report: https://idemest.com/reports/singapore-telecoms-report-mobile-broadband-market-industry-analysis/

Singapore Telecoms Industry Report - Table of Contents

1 Key Statistics
1.1 Singapore's Population
1.2 Singapore's Economy

2 Overall Telecommunications Market, 2016-2030
2.1 Market Overview
2.2 Singapore's Race to Lead in 5G and Beyond
2.3 Historical Telecommunications Market Revenue, 2016-2022
2.4 Overall Telecommunications Market Forecast, 2022-2030
2.5 Telecommunications Market Capital Expenditure, 2016-2030
2.5.1 Historical Telecommunications Capex Spend, 2016-2022
2.5.2 Capex to Revenue Country Benchmark
2.5.3 Capex to GDP Benchmark
2.5.4 Telecommunications Capex Spend Forecast, 2022-2030

3 Telecommunications Operators Profile
3.1 Singtel Profile
3.1.1 Singtel Revenue and EBITDA Mix
3.2 Starhub Profile
3.2.1 Starhub Revenue and EBITDA Mix
3.3 M1 Profile
3.3.1 M1 Revenue and EBITDA Mix
3.4 SIMBA (TPG Singapore)
3.4.1 SIMBA Singapore and EBITDA Mix

4 Singapore Mobile market
4.1 Singapore Mobile Subscribers Historical and Forecast, 2016-2030
4.1.1 Singapore Mobile Subscribers Historical, 2016-2022
4.1.2 Singapore Mobile Subscribers Market Share, 2016-2022
4.1.3 Singapore Smartphone Share, 2022
4.1.4 Singapore Mobile Subscribers Forecast, 2022-2030
4.1.5 Singapore Mobile Subscribers by Generation Forecast, 2022-2030
4.2 Singapore Mobile Revenue Historical and Forecast, 2016-2030
4.2.1 Historical Singapore Mobile Revenue, 2016-2022
4.2.2 Singapore Mobile Subscribers ARPU, 2016-2022
4.2.3 Singapore Mobile Revenue Forecast, 2022-2030
4.3 Spectrum Holdings
4.3.1 Spectrum Regulation
4.3.2 5G and Other Spectrum Auctions
4.3.3 Mobile Frequencies Portfolios Analysis
4.3.4 Spectrum Depth Benchmark by Country
4.4 Mobile Download Data and Pricing Trends
4.5 Mobile Speed Tests
4.5.1 Ookla Mobile Speed Tests
4.5.2 OpenSignal
4.6 Mobile Virtual Network Operators (MVNO)
4.7 Internet of Things (IoT)

5 Broadband Market
5.1 Fixed Broadband Subscribers Historical, 2016-2022
5.2 Fixed Broadband Subscribers Forecast, 2022-2030

6 Fixed Telecommunications Infrastructure Investments
6.1 Fixed Digital Infrastructure
6.1.1 Overview of the National Broadband Network
6.2 Submarine Cables

7 Singapore Telecom Towers Infrastructure Landscape
7.1 Singapore Telecom Towers Market Analysis, 2022
7.1.1 Singapore Telecom Towers Market Overview
7.1.2 Tower Density Benchmark

8 Thematics / Opportunities
8.1 Consolidation Opportunities
8.2 Diversification Opportunities
8.3 New Telecoms Operating Model
8.3.1 The Attraction of Infrastructure Multiples
8.4 5G Developments
8.4.1 5G Overview
8.4.2 5G - Relative Capex Investments and Frequency Range
8.4.3 5G OpenRAN
8.4.4 Beyond 5G and Towards 6G

9 Telco Transactions Database

10 Methodology

11 Copyright Notice

Singapore Telecoms Industry Report - List of Figures

Figure 1 - Telco sector revenue as % of GDP in Singapore
Figure 2 -Revenue Profile Historical Mix (SGDm), 2016 - 2022
Figure 3 -EBITDA Profile Historical Mix (SGDm), 2016 - 2022
Figure 4 - Telecommunications Market Revenue, 2022
Figure 5 - Telecommunications Market EBITDA, 2022
Figure 6 - Telecommunications Revenue & EBITDA Share, 2022
Figure 7 - Total Telecoms Market Revenue and Growth Rate (SGD bn), 2022-2030
Figure 8 - Capex to Revenue Benchmark, 2016-2022
Figure 9 - Capex to GDP Ratio Benchmark, 2016-2022
Figure 10 - Telecommunications Capex Spend (SGDm), 2000-2030
Figure 11 - Singtel Revenue Mix - 2016-22
Figure 12 -Singtel EBITDA Mix - 2016-22
Figure 13 - Singtel Historical Revenue Mix, 2016 - 2022 (SGDm)
Figure 14 - Starhub Revenue Mix - 2016-2022 (SGDm)
Figure 15 - Starhub Historical Revenue Mix, 2016 - 2022 (SGDm)
Figure 16 - M1 Revenue Mix - 2016-2022 (SGDm)
Figure 17 - M1 Historical Revenue Mix, 2016 - 2022 (SGDm)
Figure 18 - Singapore Mobile Subscribers Share Comparison, 2016-2022
Figure 19 - Singapore Mobile Subscriber Share Comparison, 2016-2022
Figure 20 - Mobile Net Adds (000's) Comparison, 2016-2022
Figure 21 - Singapore Mobile Subscribers Forecast, 2022-2030
Figure 22 - Mobile Subscribers by Generation Forecast, 2022-2030
Figure 23 - Mobile Subscribers ARPU (SGD), 2016-2030
Figure 24 - Singapore Mobile Revenue Forecast, 2022-2030
Figure 25 - Subscriptions per MHz of Spectrum, Select Asia-Pacific Countries, 2022
Figure 26 - Mobile Handsets Monthly Download Data, 2017-2022
Figure 27 - Data Pricing Trends in Asia-Pacific (US$ per GB per month), 2017-2022
Figure 28 - MVNO Share of the Mobile Market, 2022
Figure 29 - Spectrum available and IoT Landscape in Singapore
Figure 30 - Broadband Subscribers Share Comparison, 2016-2022
Figure 31 - Singapore Net-Adds (000's) by Operators, 2016-2022
Figure 32 - Singapore Broadband Subscribers Forecast, 2022-2030
Figure 33 - Singapore Tower Market Share, 2022
Figure 34 - Capita per Tower, 2022
Figure 35 - Telecoms Providers EV/EBITDA Ranges
Figure 36 - 5G Network Slices Structure
Figure 37 - Effect of Frequency on Range
Figure 38 - 5G Capacity and Coverage Layers
Figure 39 - Relative Capex Required for 5G Network Infrastructure Investment
Figure 40 - Telecom Infra Project - OpenRAN Vision

Singapore Telecoms Industry Report - List of Tables

Table 1 - Singapore - Key Statistics
Table 2 - Singapore Telecommunications Market Revenue by Operators, 2016-2022
Table 3 - Total Telecommunications Market Revenue, 2022-2030
Table 4 - Historical Telecommunications Capex Spend, 2016-2022
Table 5 - Historical Singtel Revenue, EBITDA & Capex, 2016-2022
Table 6 - Starhub Revenue and EBITDA Mix, 2016-2022
Table 7 - M1 Revenue, EBITDA and Capex, 2016-2022
Table 8 - SIMBA Singapore Revenue and EBITDA Mix, 2020-2022
Table 9 - Singapore Historical Mobile Subscribers, 2016-2022
Table 10 - Singapore Mobile Subscribers Forecast, 2022-2030
Table 11 - Singapore Mobile Subscribers by Generation (3G, 4G, 5G& 6G) Forecast, 2022-2030
Table 12 - Historical Mobile Service Revenue, 2016-2022
Table 13 - Historical Mobile ARPU, 2016-2022
Table 14 - Mobile Service Revenue Forecast, 2022-2030
Table 15 - Spectrum Holdings by Operators and by Bands (MHz)
Table 16 - Mobile Frequencies by Operators and by Band (MHz)
Table 17 - Examples of MVNOs and their Wholesale Providers
Table 18 - Historical Broadband Subscribers, 2016-2022
Table 19 - Historical Broadband ARPU, 2016-2022
Table 20 - Singapore Broadband Subscribers Forecast, 2022-2030
Table 21 - International Submarine Cable Systems with Landing Stations in Singapore
Table 22 - Technology Specifications (ADSL, FTTN, Fibre, 4G/LTE, 4G/LTE-A and 5G)
Table 23 - Telco Transaction Database, 2016-2022

For media inquiries, please contact:
Landry Fevre
Woonona Rd
Northbridge New 2063
Australia
landry@idemest.com
SOURCE Idem Est Research & Advisory

About Idem Est Research Advisory
Idem Est Research and Advisory is a boutique telecommunications and digital infrastructure market research and advisory. Idem Est Research provides leading telecoms research helping our clients stay updated on the latest telecoms sector and digital infrastructure developments. The reports provide analyses of mobile and broadband markets, capital expenditure, forecasts, key telecom trends and thematic such as 5G and telecoms digital infrastructure, as well as other statistics of the telco industry.
Our independent approach allows us to place the trends and drivers fully into context and analyse the industry from different, unbiased perspectives. Alongside the facts and figures, Idem Est Research draws on three decades of experience to provide incisive commentary and analysis. This brings visibility to the business drivers, challenges, decision-making and future direction of the telecoms sector.
To learn more, visit www.idemest.com.
Contact Information:
For media inquiries, please contact:
Landry Fevre
landry@idemest.com
SOURCE Idem Est Research & Advisory

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