Increased competition in Singapore’s telecom market with launch of country’s high-speed national broadband network may weigh on shares of telcos, especially SingTel (Z74.SG), Starhub (CC3.SG), says Dow Jones.
Network’s broadband speeds much faster than those offered by both telcos’ older systems. Roll-out has already prompted SingTel to launch new broadband packages. M1 (B2F.SG), new entrant in consumer Internet services market, has also introduced broadband plans. Starhub will unveil new line-up tomorrow.
