M1 banks on new tech investments as it battles marginalisation

It invested $8.5m in 4Q15 alone.

It’s an innovate or die market in Singapore, and that’s even truer in the telecommunications sector, where failing to catch the latest advancements could spell doom for a firm.

Realising this, M1 has stepped up its tech investments for long term gain, as well as investing more in its fixed fibre business to bolster the keenly competitive consumer business.

According to analysts from Maybank Kim Eng, new tech is likely to be the battleground for the emerging Internet-of-Things, making new tech investments an imperative.

Meanwhile, OCBC says M1 could also achieve stable earnings growth in 2016 driven by mobile data and fixed services.

"It will also continue to invest in its mobile and fixed networks, including complementary services (expects to spend around 2% of total revenue to invest in these services to gain insight and access to new technology)," M1 said.