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Business : Kenanga says it believes four of six telcos will soon sign SWN deal

Bernama LogoBernama2 mo ago

Business : Kenanga says it believes four of six telcos will soon sign SWN deal

Quick Summary

KUALA LUMPUR, Oct 4 (Bernama) -- Kenanga Research said it believes telcos and investors alike will soon settle to accept the Single Wholesale Network (SWN) model.

Hence, Kenanga has reiterated its “overweight” call for the sector with Digi (target price RM4.25), Telekom Malaysia (target price RM7.95), and OCK (target price RM0.95) as top picks.

It said that after much delay, “four of the six telco operators are expected to sign on the dotted line” with regard to the SWN in the 5G rollout.“We reiterate our view that the commitment by the mobile network operators to Digital Nasional Bhd's (DNB) equity participation would likely boost DNB’s credit rating in its bond-raising exercise to roll out 5G.“This is also a win for the national interest as it accelerates Malaysia’s IR 4.0 progress, boosted by efficient mobile speeds at affordable tariffs,” the research house said in a note.

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News Analysis

Category: Nation Politics

Topics: Operators Mobile Channel Untuk Bernama Kenanga Coverage Price (target

Source Website Secure: No (HTTP)

Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

News Source URL:

Readership Location: Malaysia

Published Date: 2022-10-04, 13:52:03

News Timezone: GMT +8:00

Language: English

Original Article Length: 505 words

Reading Duration: 3 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 2835294

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Name: Bernama

Main Topics: NationPolitics

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Publication Owner: Independent Company

Publication Timezone: GMT +8:00

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