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Singapore Telcos Could Make Up to $704m From 5G By 2025: Report (The Straits Times)

An industry report has concluded that the Republic is best-placed of all South-east Asian countries to capitalise on the new revenue opportunities generated by fifth-generation (5G) mobile technology.

The report by multinational technology company Cisco and consulting firm A.T. Kearney also noted that the revenue of Singapore telcos could as a result increase by up to US$510 million ($704 million) by 2025.

Consumer 5G mobile subscriptions are expected to account for up to US$240 million, while business-to-business or enterprise users could add another US$220 million with 5G aiding the adoption of emerging technologies such as artificial intelligence (AI), robotics and the Internet of Things (IoT).

The remaining US$50 million is expected from firms that use the enhanced 5G connectivity to provide services to other businesses or consumers. 

To read the rest of the article, please use this link: https://www.straitstimes.com/business/companies-markets/singapore-telcos-could-make-up-to-704m-from-5g-by-2025-report

By The Straits Times | September 13th, 2019

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