Singtel's CEO Concerned New Competitior to Focus Only on Price
- Singapore to auction frequency to fourth player this year
- Singtel to focus on building network, starts 5G trials
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The head of Singapore’s biggest phone company said she’s concerned the entry of a new operator will drive the focus of the competition to just price and will hurt the industry.
Singapore plans to auction radio frequencies for use by a fourth carrier this year, challenging Singapore Telecommunications Ltd. or Singtel and its two smaller rivals. The regulator has been seeking industry feedback since April 2014 to find a solution to growing mobile data traffic in the nation, whose 5.6 million residents rank among the most active users of social media in the Asia-Pacific region. A new operator may not have as wide a network reach as the incumbents.