Latest TPG updates, page-142

Even though TPG is a MNO, TPG will be behaving just like a MVNO, i.e.
- Low cost structure
- Online customer service
- Value proposition

The incumbents have no choice but to fight TPG through their MVNO clients. Doing otherwise will damage their main brands and overall profitability.

Having analysed all of the current offerings of MVNOs in Singapore, I don't believe that their current offerings are that good value. I believe that there is still plenty of margins that TPG can attack when it launches in Singapore.


In France, Free is offering EUR19.99 per month or about SGD32 for 100GB data at 4G speed and reduced speed beyond this limit.

The regulatory environment in Singapore is also very accommodating to TPG. The government wants TPG to survive and flourish so that TPG can provide the competition that the market badly needs. Without TPG's entry into Singapore, these 4 MVNOs will probably not be around because the 3 incumbents didn't have any incentives to do deals with any MVNO. They can just continue their oligopoly and continue to gouge the Singaporean customers.

It is also important to note that apart from Singtel, the other 2 incumbent MNOs (M1 & Starhub) and these 4 MVNOs can not match TPG's financial power. In a prolonged price war, these smaller MVNOs will run out of financial ammunition before they can outlast TPG.

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In Australia, most of the small cells that have been deployed so far by the incumbents are mainly concentrated on regional areas. Telstra has started to deploy small cells in Melbourne and most likely will also deploy small cells in other capital cities.

TPG has stated that they are planning to roll out more small cells than originally planned in not just the CBD areas of Australian capital cities, but also in the suburbs as well.

If you believe that small cells is crucial in the future world of 5G, then it is possible that in the near future, TPG will have a bigger metropolitan small cells network than Optus or Vodafone.

TPG has the second largest dark fibre network in Australia and all of these small cells are deployed very close to the paths of these fibre network, minimising the construction costs. With Cloud-RAN network architecture, all of the signal processing can be processed in a central location that is connected to these hundreds of small cells by fibre. This arrangement is not only cheaper to deploy but also more spectrum efficient.

TPG is able to do all of these because it has an extensive fibre network. It also has substantial number of broadband customers that it can cross sell to, to achieve break even point relatively quickly.

Recent failures such as #FLOPTUS, #VODAFAIL do not give me the confidence that Telstra is able to achieve its Telstra2022 lofty objectives without any drama.