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.
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10 September 2019