StarHub gets downgraded back to 'hold'
DBS's move follows telco's about-turn on plan to charge for 4G services
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THE best-laid price plans can sometimes come to nought. Yesterday, DBS Group Research's Sachin Mittal had to downgrade StarHub back to "hold" from "buy" after regulatory intervention made the telco backpedal on its plan to charge for 4G services.
As a result of the about-turn, existing StarHub SmartSurf customers whose contracts have not expired will not be charged more for the 4G service in June.
Now, Mr Mittal's estimated proportion of postpaid StarHub subscribers paying more for the service this year has dropped from 75 per cent to 25 per cent.
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