SingTel expands as competitors flood domestic market

SingTel moves to build pan-Asian telecoms network as deregulation attracts competitors to domestic market.

Singapore Telecommunications must feel as though it's re-enacting a scene from Alfred Hitchcock's The Birds. Since Singapore opened up its telecommunications market on April 1, dozens of companies have been awarded licences to set up rival telecoms operations, and they're already pecking violently at the 120-year-old former monopoly's market share.

Singapore's StarHub, whose shareholders include British Telecommunications, Japan's NTT, and Singapore Power and ST Telemedia both owned by the Singapore government, has already initiated an aggressive price war for its fixed and mobile services. Others lining up to join the fray include Bermuda-based Flag Telecom, Davnet of Australia, MCI Worldcom of the US and a joint venture between Australia's...

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