A sustainable connection
■ All four telcos score above the mid-point in our practical assessment of 6 key
material matters, indicating that the sector performs relatively well in ESG.
■ DNB’s 5G network rollout poses longer-term uncertainties for MNOs. Digital
banking (Axiata) and growth in cybersecurity spend (TM) are opportunities.
■ Our top-ranked telco for ESG is Digi, followed closely by TM.