Corporate: Little harm in prepaid registration By Cindy Yeap
There
is enough reason for Malaysia to make all prepaid mobile phone users
register them selves, but the government must communicate its
seriousness on this to ensure all the sweat and extra paperwork does
not go to waste, say analysts.
The Malaysian Communications and Multimedia Commission has been
instructed to draw up with mobile operators a plan to get Malaysia's 13
million prepaid mobile phone users, at last count, to register
themselves. The process is targeted to begin by the end of the year.
Reasons for the registration include enabling the authorities to
track users to prevent criminal and terrorist activities and, with the
advent of 3G, to curb the distribution of pornographic material using
mobile phones.
While it is possible for the registration process to crimp growth
in the prepaid mobile segment, as far as bottom line is concerned,
analysts believe the industry, as a whole, would not suffer much.
Why? Because they believe the illegal immigrants, or people who
don't want any information on them in the database, make up a small
number of Malaysia's 16 million mobile phone users.
"If anything, I believe we are only looking at a temporary blip," says one analyst.
However, analysts do think DiGi.Com Bhd will be more affected
because of its large prepaid base — close to 75% of its revenue is from
prepaid, compared with about half for rivals Maxis Communications Bhd
and Celcom (M) Bhd.
Should the registration exercise cause a 10% fall in prepaid user
base, the worst-case scenario would be for DiGi's net profit for FY2006
and 2007 to fall by 5% to 10%, compared with by 2% to 5% for Maxis and
1% to 3% for Telekom, an analyst estimates. Nonetheless, he cautions that the actual effect might be less for
a few reasons. He figures that 1.1 million prepaid users or about 9.1%
of Malaysia's entire prepaid user base might be affected by the
exercise, but expects about half of these (illegal workers and their
like) to be able to find loopholes to continue using prepaid services.
"We believe these workers are likely to rent a [registered]
subscriber identification module [SIM] card from legal workers or other
parties. A secondary market for prepaid SIM cards may emerge as a
result, and actual affected call volume would be less than the 9.1%
estimated.
"Assuming that half of them manage to circumvent the registration
system, we only expect 4.6% of prepaid call volume to be affected.
Hence, the impact on Malaysian celcos will likely be small."
The initial figure of 9.1 million was derived from assuming all
the estimated 500,000 illegal workers in Malaysia are prepaid mobile
users, and some 5% of 12.1 million prepaid users do not wish to be
identified, based on a 5% churn (subscriber dropout rate) seen in
Switzerland's prepaid base.
However, the government may decide that each person is entitled to only one SIM card, like in Taiwan.
Apart from that, an industry insider says the move is consistent
with mobile operators' current stance of wanting to win quality
customers whose spending will be higher than those whose ARPU (average
spending per user) is low. Indeed, they have to spend more to attract
these lower-spending price-hunters compared with their preferred more
loyal base.
Perhaps some pointers can be taken from neighbour Thailand, where
the issue of who is responsible for what is concerned. There, it is the
SIM card owner's duty to inform the mobile operator and the police if
his phone is stolen. The operator must also be informed if one intends
to sell his or her SIM card.
The Thai government has made it mandatory for new prepaid phone
users to produce national ID cards when buying prepaid SIM cards from
May 10. The country's 22 million existing prepaid phone subscribers
have been given six months from July 1 to submit identification to
mobile-phone operators and police stations or face having their phone
service suspended.
Prime Minister Thaksin Shinawatra had also reportedly suggested
that the regulator rule that prepaid SIM card distributors who fail to
collect identification details of buyers have their licence revoked.
This is part of Thailand's attempt to stop terrorists from using
prepaid SIM cards as fuses to detonate bombs, an escalating problem in
their southern border region.
Most developed countries have enforced or are looking to enforce
prepaid registration, says an analyst. Among these are the US, Canada,
Switzerland, the Netherlands and Australia. The Philippines and
Singapore are looking at implementation, while Poland has rejected the
proposal to register prepaid users.
As at March 2005, over 13.2 million, or 83.5%, of Malaysia's 15.8 million mobile phone users were in the prepaid segment.