Singapore Speeds Telecom Liberalization
- 22 January, 2000 12:01
In a sudden change of policy, the government of Singapore today announced it will allow full competition in the telecommunications market beginning the first of April. The decision to lift current restrictions pushes Singapore's telecommunication liberalization plans two years ahead of schedule.
The government said that it has also decided to immediately end restrictions on both direct and indirect foreign investment in and ownership of all public telecommunications services.
Two Singapore-based telecommunications companies, Singapore Telecommunications Ltd. and StarHub Internet Pte. Ltd., quickly responded to the government announcement, saying in press releases that they had immediate intentions to engage in aggressive market competition both in Singapore as well as in the Asia market at large.
Singapore Telecommunications, in Singapore, can be reached at +65-838-3682 or at http://www.singtel.com/. StarHub is at http://www.starhub.com.sg. The Ministry of Communications and Information Technology is at http://www.gov.sg/mcit/pr/.