M1 Limited
TypePrivate
IndustryTelecommunications
FoundedAugust 1994 (1994-08)
Headquarters
10 International Business Park, Singapore 609928
Area served
Singapore
Key people
  • Danny Teoh
    (Chairman)
  • Manjot Singh Mann
    (CEO)
Services
  • Mobile
  • Internet
  • Corporate solutions
Parent
SubsidiariesAsiaPac Distribution Pte Ltd. M1 Net Ltd., M1 Shop Pte Ltd, M1 TeliNet Pte. Ltd., Kliq Pte. Ltd.
Websitewww.m1.com.sg

M1 Limited (commonly known as M1; formerly MobileOne) is a Singaporean telecommunications company and one of the major telcos operating in the country. M1 was founded in 1994 and traded on the Singapore Exchange from 2002 to 2019. M1 is a subsidiary of the Keppel Corporation and Singapore Press Holdings through their joint venture, Konnectivity.


History

1994–2002: Early years

M1 was founded as a consortium known as MobileOne[1] in Singapore in 1994.[2] Cable & Wireless plc, Hong Kong Telecom, Keppel Telecommunications, and Singapore Press Holdings all owned stake in the company at its outset. In May 1995, it became the first firm (outside of government-owned Singtel) to acquire a cellular licence and one of three to receive a paging licence from the Telecommunications Authority of Singapore.[1] The company's first CEO, Neil Montefiore, was appointed in 1996.[3]

In January 1997 in the lead-up to the deregulation of the telecommunications industry in Singapore, MobileOne offered a free trial of its cellular service to build market share.[4] On 1 April 1997, MobileOne was officially allowed to conduct business as a mobile phone operator.[5] By June 1998, the company had a valuation of $1 billion (SGD).[6] In 2000, MobileOne launched its own GPRS service, becoming the first telecom company in Singapore to do so.[7] Over the course of 2000 and 2001, MobileOne transferred all of its customers from a CDMA network to a GSM-1800 network.[8]

In 2001, the firm signed an agreement with Nokia to help expand its GSM network. It had around 880,000 subscribers at that time,[9] accounting for around one-third of the mobile phone market in Singapore.[10] In July 2002, M1 signed another agreement with Nokia which would see the latter supply M1's nationwide MMS system, expanding its future 3G capabilities.[11]

2002–2009: IPO, ventures into 3G and broadband

MobileOne had its IPO in December 2002 and began trading on the Singapore Exchange under the stock ticker symbol, MONE.[12][13] In May 2004, M1 introduced POINT, a music recognition service.[14] Later that year, MobileOne enlisted Taiwanese boy band, 5566, to promote the company's prepaid "M Card" in a series of ads.[15] 2004 also saw M1 partner with Google on an image search feature[16] and begin push-to-talk trials with enterprise customers in Singapore.[17]

In February 2005, the company introduced prepaid cards that allowed for free incoming calls.[18] It also launched its consumer 3G services, becoming the first Singapore-based operator to do so.[19] In August 2005, SunShare Investments–a joint venture between Telekom Malaysia and Malaysia's government-run investment arm, Khazanah Nasional–acquired a 12.06% stake in M1 from Great Eastern Telecommunications (a separate joint venture with Cable & Wireless and PCCW as owners). With those shares, SunShare increased its ownership stake in M1 to 17.7%.[20] By March 2006, SunShare's stake had grown again to 27.55%.[21]

In December 2006, MobileOne introduced Singapore's first 3.5G wireless broadband service. Known as M1 Broadband, the service used High Speed Downlink Packet Access (HSDPA) technology to achieve internet connection speeds of up to 3.6 Mbit/s.[22] In April 2008, Telekom Malaysia (TM) demerged from one of its mobile and telecom divisions, Axiata. The M1 shares that TM held through its SunShare Investments arm were then diverted to Axiata.[23] In August of that year, the company entered into the fixed broadband sector. M1 Fixed Broadband used StarHub Cable's existing open access network to connect its service.[24] In January 2009, it was announced that Neil Montefiore would step down as CEO of MobileOne.[25] CFO Karen Kooi was named acting CEO before being appointed to the position permanently in April 2009.[26]

In 2009, M1 began offering prepaid 3G broadband service[27] and instituted a mobile handset rental programme called "Take3."[28] In September 2009, M1 acquired Singaporean internet service provider, Qala, with the goal of entering the corporate fixed broadband market.[29] The acquisition of Qala also allowed the company to begin offering ADSL broadband.[30] It also launched a near-field communication NFC pilot programme in a partnership with Citibank and Visa.[31] It also began offering prepaid 3G broadband service[32] and instituted a mobile handset rental programme called "Take3."[33] In September 2009, M1 acquired Singaporean internet service provider, Qala, with the goal of entering the corporate fixed broadband market.[34] The acquisition of Qala also allowed the company to begin offering ADSL broadband.[35]

2010–2017: Rebrand as M1, introduction of LTE and NB-IoT

In April 2010, MobileOne officially changed its name to M1.[36] In September of that year, M1 became the first Singaporean company to announce a 1 Gbit/s fibre optic internet plan. It also began offering four other internet plans to businesses and consumers.[37] In June 2011, M1 launched the first commercial LTE service in Southeast Asia, with coverage initially centered on the financial district.[38]

In April 2013, M1 announced that it would spend up to $85 million to modernise its mobile networks, as well as to deploy a nationwide 3G radio network on the 900 MHz frequency band. The project was completed by the first quarter of 2014.[39]

In 2015, M1 was named the service provider of the Home Access programme by the Infocomm Development Authority Of Singapore, which would see the company offer subsidised rates for broadband internet access to low-income households.[40] In April that year, it began offering Voice over LTE (VoLTE) on its 3G and 4G networks.[41] The following month, M1 acquired a 15% stake in the Oman telecom company, TeO, through its subsidiary, M1 TeliNet.[42] In June 2015, M1 launched a cashless, mobile point of sale service in collaboration with Mastercard, CIMB, and Wirecard. The service allows small businesses to accept credit, debit, and prepaid card payments using their smartphones or tablets.[43] M1 entered into an agreement in July 2015 to host the postpaid mobile virtual network operator (MVNO), Liberty Wireless, on its network under the brand name Circles Asia.[44] In April 2017, M1's 2G network (along with all other 2G networks in Singapore) was shut down.[45]

In early 2016, M1 achieved 4G peak download speeds of more than 1Gbit/s and peak upload speeds in excess of 130Mbit/s through a collaboration with Huawei.[46] In March of that year, M1 introduced an NFC-enabled service that would allow users to pay transit fares with their smartphones.[47] It also began providing Wi-Fi for M1 customers on public transit vehicles.[48] In April 2017, M1's 2G network (along with all other 2G networks in Singapore) was shut down.[49] That month, M1 also introduced a digital mobile remittance service.[50] In August 2017, M1 launched Southeast Asia's first commercial nationwide narrowband Internet of Things (NB-IoT) network.[51] Throughout 2017 and 2018, M1 worked with both Huawei and Nokia on a series of 5G trials, one of which used M1's NB-IoT network.[52] In March 2018, M1 announced a partnership with Keppel Electric that would see the two entities bundling price packages for mobile and electricity services in preparation of the launch of the Open Electricity Market in Singapore in 2019.[53]

2018–present: Keppel, SPH, delisting, and 5G

Karen Kooi officially stepped down as CEO of M1 in 2018 and was replaced by former Pareteum Asia CEO, Manjot Singh Mann.[54] Also that month, M1 agreed to provide a wireless private network that would cover all of Singapore's Jurong Port,[55] and it made digital eSIM services available on select iPhones on its network for the first time.[56]

In February 2019, Singapore Press Holdings (SPH) and the Keppel Corporation (through their joint venture, Konnectivity Ltd) completed a buyout of Axiata's shares in M1, which totaled 28.7%.[57][58] Prior to the buyout, SPH held a 13.45% stake in M1 and Keppel had a 19.33% stake.[59] By the following month, Konnectivity held a 94.55% stake in M1 and exercised its right to purchase the remaining shares in the company. It indicated at the time that it would delist M1 from the Singapore Exchange.[60] M1 was officially delisted in April 2019.[61]

In January 2020, it was announced that M1 and fellow telecommunications company, StarHub, would submit a joint bid for one of four 5G licences to be administered by the Infocomm Media Development Authority (IMDA).[62] The IMDA approved the joint bid along with the solo bid submitted by Singtel in April 2020. M1 will use Nokia's Core platform to build out its 5G network and provide nationwide 5G coverage by 2025.[63][64]

By 2021, 90 percent of M1's back-end system had been shifted to the cloud, and its 200 databases had been removed in favor of a large "data lake." According to the company, this technological shift was part of an effort to provide more flexibility to create new services and engage consumers. In February of that year, the company announced that it would be offering three new mobile plans with customisable options.[2] This was part of a rebrand where the company introduce a new logo, expand the functionality of its "My M1+" mobile app, and focus on becoming "Singapore's first digital network operator." It also launched the "Be" campaign, a marketing effort highlighting seven Singaporeans and their individuality.[65]

Products and services

M1 is one of the four major full service communications providers in Singapore. It offers a suite of mobile voice-and-data communication services over its 3G/3.5G/4G/LTE-A network, including international-call services to both mobile- and fixed-line customers. These include SMS, MMS, WAP, GPRS, 3G, 3.5G and 4G.[19][22][38][41] It also offers prepaid mobile services, including prepaid data plans, under its M Card brand.[15] It is one of the operators in Singapore to offer a prepaid 4G service.[66]

As of 2021, M1 currently offers three customisable mobile plans[67] and offers non-standalone access to 5G networks in select areas throughout Singapore. Its three plans are known as Bespoke Contract, Bespoke SIM, and Bespoke Flexi, all of which allow the customer to build a personalised plan with specific price points, data, and talk time.[68] The Bespoke Contract plan allows customers to enter into a contract with a set monthly price for up to two years.[69] The Bespoke SIM and Bespoke Flexi plans are non-contract plans and can be adjusted once a month at no charge. The Bespoke SIM plan provides SIM cards to users with existing handsets while the Bespoke Flexi plan combines both a SIM card and a handset in the monthly price.[70]

On 26 July 2022, M1, with 2 other fellow telecommunications companies Singtel and StarHub, announced the retiring of 3G services by 31 July 2024.[71] This would include voice, messaging and data services that run on 3G.

References

  1. 1 2 Gregson, Reily (22 May 1995). "MOBILEONE CONSORTIUM CROWNED SINGAPORE'S NEW CELLULAR CARRIER". RCR Wireless News. Retrieved 23 March 2021.
  2. 1 2 Yu, Eileen (23 February 2021). "M1 rebrands with focus on Keppel ties, personalised services". ZDNet. Retrieved 23 March 2021.
  3. ↑ Wai Yee, Yip (16 July 2020). "Former StarHub and M1 CEO Neil Montefiore dies, aged 67". The Straits Times. Retrieved 24 March 2021.
  4. ↑ Chetham, Andrew (23 January 1997). "MobileOne to launch trial offer to spur market share". South China Morning Post. Retrieved 25 April 2021.
  5. ↑ Richardson, Michael (31 March 1997). "Analysts Split on Deregulation's Impact : For Singapore Telecom, Battle on Home Front". The New York Times. Retrieved 25 April 2021.
  6. ↑ "$4.62b value on MobileOne". South China Morning Post. 19 June 1998. Retrieved 23 March 2021.
  7. ↑ "Asia: GPRS service launches...finally". ZDNet. 6 December 2001. Retrieved 25 March 2021.
  8. ↑ "MOBILEONE STARTS TO ROLL OUT GSM 1800 NETWORK". Telecom Paper. 20 November 2000. Retrieved 25 April 2021.
  9. ↑ Marican, Nawaz (29 May 2001). "Nokia strikes US$40 million deal with M1". ZDNet. Retrieved 12 March 2021.
  10. ↑ Frew McMillan, Alex (7 June 2001). "MobileOne bidding disappoints". CNN. Retrieved 25 July 2021.
  11. ↑ "M1 Deploys Nokia MMS". Light Reading. 3 July 2002. Retrieved 25 July 2021.
  12. ↑ "Singapore's M1 pushing ahead with float". CNN. 10 November 2002. Retrieved 23 March 2021.
  13. ↑ Man, Sai (16 January 2003). "MobileOne Reports 28% Jump In 2002 Profit to $74.6 Million". The Wall Street Journal. Retrieved 23 March 2021.
  14. ↑ "M1 to begin music recognition service". RCR Wireless News. 6 May 2004. Retrieved 24 March 2021.
  15. 1 2 "Southeast Asia: Taiwan boyband to promote M1's pre-paid M Card". Campaign Asia. 18 June 2004. Retrieved 25 March 2021.
  16. ↑ Oakes, Chris (19 July 2004). "WIRELESS : Mobile Net searching is still out of the loop". The New York Times. Retrieved 25 March 2021.
  17. ↑ "M1 Trials PTT". Light Reading. 13 July 2004. Retrieved 25 March 2021.
  18. ↑ Tan, Aaron (19 January 2006). "M1 to increase focus on enterprises". ZDNet. Retrieved 24 April 2021.
  19. 1 2 "M1 launches 3G services". ZDNet Asia. 16 February 2005. Archived from the original on 10 March 2006. Retrieved 12 March 2021.
  20. ↑ Lopez, Leslie (18 August 2005). "Malaysia Boosts MobileOne Tie". The Wall Street Journal. Retrieved 12 March 2021.
  21. ↑ "TM and Khazanah raise stake in MobileOne". The Star. 3 March 2006. Retrieved 24 April 2021.
  22. 1 2 Guevarra, Vladimir (29 November 2006). "Singapore's M1 Sets 3.5G Launch". The Wall Street Journal. Retrieved 24 March 2021.
  23. ↑ Tay, Chester (23 February 2018). "Axiata says no re-merger talks underway with TM". The Edge Financial Daily. Retrieved 25 April 2021.
  24. ↑ "M1 moves into fixed broadband sector". Comms Update. 5 August 2008. Retrieved 25 April 2021.
  25. ↑ "MobileOne CEO to step down". AsiaOne. 2 January 2009. Retrieved 25 April 2021.
  26. ↑ Yu, Eileen (21 April 2009). "Singapore's M1 confirms new CEO". ZDNet. Retrieved 25 April 2021.
  27. ↑ "M1 Offers Prepaid 3G". Light Reading. 7 April 2009. Retrieved 25 April 2021.
  28. ↑ "Can't decide which handbag to buy? Rent it first". The Economic Times. 22 March 2009. Retrieved 25 April 2021.
  29. ↑ Ho, Victoria (4 September 2009). "Singapore's M1 acquires Net player Qala". ZDNet. Retrieved 24 March 2021.
  30. ↑ Ho, Victoria (19 January 2010). "M1 eyeing mobile broadband growth". ZDNet. Retrieved 24 March 2021.
  31. ↑ Ho, Victoria (1 April 2009). "Singapore's M1 finally pilots NFC". ZDNet Asia. Archived from the original on 6 April 2009. Retrieved 25 July 2021.
  32. ↑ "M1 Offers Prepaid 3G". Light Reading. 7 April 2009. Retrieved 25 July 2021.
  33. ↑ "Can't decide which handbag to buy? Rent it first". The Economic Times. 22 March 2009. Retrieved 25 July 2021.
  34. ↑ Ho, Victoria (4 September 2009). "Singapore's M1 acquires Net player Qala". ZDNet. Retrieved 25 July 2021.
  35. ↑ Ho, Victoria (19 January 2010). "M1 eyeing mobile broadband growth". ZDNet. Retrieved 25 July 2021.
  36. ↑ "MobileOne Ltd changes name to M1 Limited". OC WorkBench. 12 April 2010. Retrieved 23 March 2021.
  37. ↑ "M1 Announces First 1Gbps Fibre Optics Internet Plan". VR Zone. 1 September 2010. Retrieved 23 March 2021.
  38. 1 2 "Singapore's M1 "first in Southeast Asia" to launch LTE". Mobile World Live. 21 June 2011. Retrieved 24 April 2021.
  39. ↑ Tham, Irene (15 April 2013). "M1 spends about $85 million to upgrade mobile network". The Straits Times. Retrieved 25 April 2021.
  40. ↑ "Low income households can apply for fibre broadband plan at $6 a month". AsiaOne. 9 April 2015. Retrieved 24 April 2021.
  41. 1 2 Sharma, Ray (11 April 2015). "M1 Singapore Launches VoLTE on LTE-Advanced Network". The Fast Mode. Retrieved 24 April 2021.
  42. ↑ "M1 to acquire minority stake in Oman telco TeO". The Straits Times. 6 May 2015. Retrieved 25 April 2021.
  43. ↑ "M1 launches mPOS cashless payment service". Digital News Asia. 23 June 2015. Retrieved 25 April 2021.
  44. ↑ "M1 announces MVNO deal with Liberty Wireless". Telecom Lead. 8 July 2015. Retrieved 25 April 2021.
  45. ↑ Wong, Lester (27 March 2017). "2G mobile network to shut down from April 1: IMDA reminds users to switch to 3G or 4G". The Straits Times. Retrieved 25 April 2021.
  46. ↑ Reichert, Corinne (15 January 2016). "M1 and Huawei attain 1Gbps 4G mobile speeds in Singapore". ZDNet. Retrieved 25 July 2021.
  47. ↑ Yu, Eileen (29 March 2016). "Singapore telcos hit the road with transit NFC pay service". ZDNet. Retrieved 25 July 2021.
  48. ↑ Lee, Clifford (11 April 2016). "Free Wi-Fi offered on two public buses". Today. Retrieved 25 July 2021.
  49. ↑ Wong, Lester (27 March 2017). "2G mobile network to shut down from April 1: IMDA reminds users to switch to 3G or 4G". The Straits Times. Retrieved 25 July 2021.
  50. ↑ Waring, Joseph (10 April 2017). "M1 launches remittance service in Singapore". Mobile World Live. Retrieved 25 July 2021.
  51. ↑ Hio, Lester (7 August 2017). "M1 launches South-east Asia's first commercial nationwide Internet-of-Things network". The Straits Times. Retrieved 25 July 2021.
  52. ↑ Reichert, Corinne (25 June 2018). "M1 and Nokia to trial 5G small cells". ZDNet. Retrieved 25 July 2021.
  53. ↑ Yu, Eileen (23 March 2018). "M1 taps Keppel Electric partnership as Singapore readies open market". ZDNet. Retrieved 25 July 2021.
  54. ↑ Yu, Eileen (5 November 2018). "M1 CEO to retire with buyout talks hanging overhead". ZDNet. Retrieved 25 July 2021.
  55. ↑ "M1 to support Jurong Port in digital smart port transformation". Yahoo!. 5 December 2018. Retrieved 25 July 2021.
  56. ↑ Ko, Mark (7 December 2018). "M1 first to make digital eSIM services available on latest iPhones". Tech Coffeehouse. Retrieved 25 July 2021.
  57. ↑ Yu, Eileen (17 February 2019). "M1 buyout bid finally goes through with Malaysia's Axiata exiting Singapore investment". ZDNet. Retrieved 24 April 2021.
  58. ↑ "Axiata accepts M1 offer, exits investment in Singapore". Digital News Asia. 18 February 2019. Retrieved 24 April 2021.
  59. ↑ "Keppel to make buyout offer for M1 with SPH support". The Straits Times. 28 September 2018. Retrieved 24 April 2021.
  60. ↑ Yu, Eileen (19 March 2019). "M1 to delist, begin 'transformation journey'". ZDNet. Retrieved 24 April 2021.
  61. ↑ "M1 Limited". Singapore Exchange. 24 April 2019. Retrieved 24 April 2021.
  62. ↑ "StarHub, M1 to jointly bid for 5G licence in Singapore". Business Times. 23 January 2020. Retrieved 24 March 2021.
  63. ↑ Wong, Lester (29 April 2020). "Singtel, joint StarHub-M1 venture win licences to build two nationwide 5G networks". The Straits Times. Retrieved 24 March 2021.
  64. ↑ Yu, Eileen (13 January 2021). "M1 to tap Nokia in 5G standalone network deployment". ZDNet. Retrieved 24 March 2021.
  65. ↑ Ong, Grace (24 February 2021). "M1 touts new brand promise and big campaign push following logo change". Marketing Interactive. Retrieved 19 July 2021.
  66. ↑ Teh, Joe (26 March 2013). "M1 LAUNCHES M1 4G PREPAID DATA CARD". TechieLoBang. Retrieved 25 April 2021.
  67. ↑ Yu, Eileen (23 February 2021). "M1 rebrands with focus on Keppel ties, personalised services". ZDNet. Retrieved 25 July 2021.
  68. ↑ Wong, Cara (23 February 2021). "M1 introduces fully flexible mobile plans for customers". The Straits Times. Retrieved 25 July 2021.
  69. ↑ Ho, Timothy (5 February 2021). "Are subsidised phone plans worth getting compared to SIM-only plans in 2021?". AsiaOne. Retrieved 25 July 2021.
  70. ↑ Tan, Felicia (23 February 2021). "M1 gets new brand identity, unveils new made-to-measure mobile plans". The Edge Financial Daily. Retrieved 25 July 2021.
  71. ↑ Ang, Rosalind (26 July 2023). "Singtel, StarHub, M1 to retire 3G services by July 2024". The Straits Times. ISSN 0585-3923. Retrieved 26 July 2023.

External

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.