M1 Limited is a Singapore based communications company. The Company’s segment includes the provision of telecommunications services, international call services and fixed services, retail sales of telecommunication equipment and accessories, and customer services. The Company operates its fourth generation long term evolution (4G/LTE), third generation (3G) and high speed packet access (HSPA), and second generation (2G) mobile networks across Singapore. The Company provides customers with a range of voice, data, and postpaid and prepaid mobile services. It offers International Direct Dial (IDD) services, as well as an International Calling Card service. The Company trades wholesale voice minutes with other international and local service providers, as well as provides dark fiber services to carriers and data centers. The Company offers a range of mobile and fixed services, including connectivity solutions, managed services, cloud solutions and data center services.
M1 & Starhub Express Interest In Mobile Network Cooperation.
M1 Limited and StarHub Mobile Pte Ltd signed a Memorandum of Understanding, to study potential further collaboration in mobile infrastructure sharing, with a focus on sharing radio access network, backhaul and access assets. The MOU was signed by Chief Executive Officer of M1, Ms Karen Kooi and Chief Executive Officer of StarHub, Mr Tan Tong Hai.
As Singapore’s telecommunication industry gets ready to welcome a new player, the existing second and third telcos by market share have decided to explore options of working more closely together.
After continues price fall in share price of M1 limited this is the time for investor to invest money in M1 limited. As two big players of Singapore’s telecom industry have come together to capture the market. This collaboration will definitely going to help both parties in terms of revenue and market share.
After the news came out M1 limited stock price confirm the bullish trend with price target of 2.22 2.25 in next 34 weeks.
M1 Limited is moving up , it will brought to Resistance of 2.130. once level of 2.130 breaks then this counter will reach to next resistance of 2.250. On technical chart MACD & RSI showing bullish trend with next strong resistance of 2.250.
Stock Trend : Bullish
Resistance 1 : 2.130 Resistance 2 : 2.250
Support 1 : 2.010 Support 2 : 1.910
One can take a buying position in it with a target of 2.220 2.250 & Stop loss 2.010
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