KLSE (MYR): REDTONE (0032)
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Last Price
0.975
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0.00 (0.00%)
Day's Change
0.97 - 0.975
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72,500
2024-11-19
2024-11-19
2024-11-11
2024-11-11
2024-11-11
slts
2,236 posts
Posted by slts > 2019-09-11 08:45 | Report Abuse
AmInvest Research downgrades telco to neutral after failed merger
“Derating catalysts from earlier expectations of merger’s cost optimisation. As we were earlier positive on this deal, its termination consequently means the reversion to the previous state of intense mobile domestic competition between the five existing players – Maxis, Celcom, Digi, U Mobile and Unifi Mobile, excluding mobile virtual network operators (MVNOs) such as REDtone, which are currently offering highly attractive postpaid plans.
Read more at https://www.thestar.com.my/business/business-news/2019/09/10/aminvest-research-downgrades-telco-to-neutral-after-failed-merger#RisHZzUvXpSAI3hu.99