It comes to a surprise to me that IDA announced a fourth Telco.
Why fourth Telco?
Considering the weak economic conditions, I am not sure why IDA wanted a fourth telco NOW. Yeah, IDA mentioned it is for the sake of the consumers having better choice. We already have three to choose from. Not enough for now? How about we should have another Broadcast company since Mediacorp has been producing year over year lousy TV serials.
Most likely to me, it seems the long term vision of Singapore, planning for the 6.9 million population by 2030. Perhaps this cannot be one of the reasons by the lips of IDA during the announcement as it will probably cause a rant among local-bred Singaporeans.
Or maybe Keppel will sell her M1 stakes to Starhub?
Sales of Starhub & M1
Today, I made sales of both Starhub and M1 that I ......