9 things I learned from StarHub’s 2017 AGM

Last year, TPG Telecom was awarded the license to become the fourth mobile telco in Singapore. The Australian company is expected to commence operations in 2018. This event is causing a shake-up in the local telco industry as the marketplace is as crowded as it already is. Adding a new telco only increases the bargaining power of consumers over the telcos. We’re now seeing the telcos lowering their prices and beefing up their bundles in a bid to secure customers onto long-term plans.

This price war has not escaped StarHub and the company reported an 8.3% drop in net profit in its latest annual report. I’ve covered how the entry of the fourth telco will affect our local telcos M1, StarHub, and Singtel previously. This year, I decided to attend StarHub’s AGM to hear how the management plans to cope with the new competition and challenges in …

Read the full article →

Leave a Reply

Your email address will not be published. Required fields are marked *