The coming 2023 may be “another exciting year” for the telecom sector, with mobile recovery set to continue, led by doubling of 5G users and tourist arrivals. Before we ring in the new year, on Money in the Market, we discuss the telco sector. How did they perform in 2022? Were there any surprises? Sachin Mittal, Head of telecom, media and technology research at DBS joins us to help us dive in deeper on what moved the telco sector in 2022.
Highlights:
00:43 - Overview of the telco sector in 2022
01:44 - Why Singapore's telcos remained resilient again inflationary pressures
04:36 - How did Singtel perform this year?
05:24 - Was there a positive momentum in Singtel's mobile revenue recovery this year?
06:12 - Outlook for telco sector in 2023