StarHub on its Q1 financial performance;Sustained market competition and the rolloutof 5G;
MONEY FM 89.3
Let’s talk about telcos today. And we want to focus our attention on mainboard-listed StarHub which had released its Q1 results just about a couple of weeks ago.
The company posted a 26 per cent rise in net profits to S$37.5 million for the first quarter ended March.
StarHub attributed its Q1’s performance to higher service revenue, which grew 11 per cent year-on-year, despite sustained market competition.
But what is the competitive landscape for the telco operator with the rollout of 5G? And how effective has StarHub’s Dare+ transformation strategy to introduce new 5G solutions been in generating sustainable revenue growth and dividend growth?
Meanwhile, the company also cited a boost from the consolidation of MyRepublic broadband for its stronger Q1 showing.
But how has MyRepublic broadband generated long-term synergies for StarHub, particularly in the areas of cloud gaming and over-the-top content?
On Under the Radar, Drive Time’s finance presenter Chua Tian Tian sat down with Johan Buse, Chief of Consumer Business Group, StarHub for more.
Download the podcast here: https://www.moneyfm893.sg/guest/johan-buse-starhub/
For more, tune in to #DriveTime with Eliott Danker, Timothy Go and Chua Tian Tian every weekday from 4pm-7pm. Tune in to MONEY FM 89.3 via the Awedio app today! Available on the App Store, Google Play and more.
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