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Incumbents' stocks tumble on 4th telco bids

Citi analysts say that chances of another player emerging now very high
Saturday, September 3, 2016 - 05:50

37781030.2 (38561392) - 31_05_2016 - pixtelco.jpg
Singapore's three incumbent telcos took a hammering in the stock market on Friday after three other companies expressed their interest to bid at an upcoming airwave auction to become Singapore's fourth telco.

Singapore

SINGAPORE'S three incumbent telcos took a hammering in the stock market on Friday after three other companies expressed their interest to bid at an upcoming airwave auction to become Singapore's fourth telco.

The three new challengers are local fibre broadband operator

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