M1 to roll out 4G early 2012 on 2012
Chinese maker Huawei has nabbed the $280 million contract to bring LTE, or 4G to M1 customers.
Even with this upgrade, however, OCBC Investment Research said they do not expect M1 to incur any extra capex this year (or even the next) i.e. capex spending should remain around S$100m, implying no impact on its ability to pay out 70% of its recurring earnings as dividends.