Report
Dan Baker
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Unlimited Mobile Data Plans Introduced in Australia Ahead of TPG Launch Later in 2018

Optus and Telstra’s recent introduction of an unlimited mobile data plans is symptomatic of the increase of competition we have seen in the Australian mobile market over the past few years and we expect more to come when TPG introduces its services later in 2018. Despite the 7.0% EBITDA growth reported by SingTel’s Optus in the first nine months of this financial year, we forecast 0.3% per year decline in EBITDA over the next four years as TPG negatively impacts on market pricing and market shar...
Underlying
Singapore Telecommunications Limited

Singapore Telecommunications is engaged in the operation and provision of telecommunications systems and services, and investment holding. Co. provides a range of multimedia and Information and communications technology solutions, including voice, data and video services over fixed and wireless platforms. Within both Singapore and Australia, Co. provides mobile communications, data and Internet, national telephone, information technology and engineering, sale of equipment, international telephone and pay television. Co.'s key businesses include: Group Consumer, Group Digital L!fe, and Group Information and communications technology.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Dan Baker

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