Singapore Telecommunications Report Q2 2012
End-2011 results for Singapore’s telecoms industry have been made been available by the Infocomm Development Authority (IDA) as well as mobile operators Singapore Telecommunications (SingTel), StarHub and M1, which were subsequently factored into our forecast scenarios. Singapore’s mobile market reported disappointing growth in Q411 to bring the total to 7.756mn. Despite having one of the highest penetration rates in the region, we continue to see the subscriber base gradually increasing in the next few years, largely due to the continued demand for 3G services and multiple device ownership. We envisage 8.770mn mobile subscribers in the country by end-2016, of which 7.531mn will be using 3G services. Although the rising popularity of mobile services caused the fixed-line market in many countries to contract, the sector has held up well in the last few years. We continue to see some growth potential with the number of subscribers increasing to 2.057mn in 2013. However, we expect th...