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S'pore likely to profit most from 5G in region: Report

12 Sep 2019 09:00

One of the reasons why Singapore telcos are more likely to capture maximum value from 5G compared with their regional peers is that consumers here are tech-savvy and willing to pay more for enhanced experiences, says A.T. Kearney partner Nikolai Dobberstein, a lead author of the report. ST PHOTO: KELVIN CHNG

By Lester Wong

An industry report has concluded that Singapore is best placed among all South-east Asian nations to capitalise on the new revenue opportunities generated by fifth-generation (5G) mobile technology.

The report by multinational technology company Cisco and consulting firm A.T. Kearney also noted that the revenues of Singapore telcos could, as a result, increase by up to US$510 million (S$704 million) by 2025.

Consumer 5G mobile subscriptions are expected to account for up to US$240 million, while business-to-business or enterprise users could add another US$220 million with 5G aiding the adoption of emerging technology, such as artificial intelligence, robotics and the Internet of Things. The remaining US$50 million is expected from firms that use the enhanced 5G connectivity to provide services to other businesses or consumers.

Cisco president for Asean Naveen Menon said in a statement yesterday: "Successful adoption of emerging technologies like artificial intelligence is largely dependent on the underlying connectivity.

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Source: Straits Times

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