Royal Bank of Scotland has downgraded StarHub (CC3.SG) to “hold” from “buy” saying the new government ruling that pay-TV operators will be required to cross-carry each other’s content ends telco firm’s content exclusivity, reported Dow Jones Newswires.
“This will reduce StarHub’s current competitive advantage in pay-TV; the key to StarHub’s pay-TV market share dominance lies with its exclusive content.”
