Fourth telco must spur competition and innovate: Yaacob
Singapore
THE company that eventually wins Singapore's fourth wireless telecommunications (telco) carrier licence must be able to spur competition and bring benefits to consumers, said Communications and Information Minister Yaacob Ibrahim in parliament on Monday.
"We believe there is space for a fourth telco. We don't just want another telco. We want a telco that can bring innovation to the market, and therefore cause the existing telcos (Singtel, M1 and StarHub) to also innovate," he said.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked
US consumer sentiment falls as inflation expectations climb
HSBC wins £1.3 billion suit over Disney film finance scandal