Singapore

WHEN TPG Singapore first won the licence to form Singapore's fourth telco, in December 2016, the country's mobile penetration rate was 149.8 per cent. As at May last year, that penetration rate had barely budged at 149.9 per cent.

Competition in Singapore's telecoms market has become a zero-sum game, with the 4 mobile network operators (MNOs) and numerous mobile virtual network operators (MVNOs) engaging in price wars to lure customers away from their competitors.