Singapore Telecoms industry at a glance

$SINGTEL(Z74.SI)$

Singapore has one of the most mature and competitive telecommunications markets in the world. Singapore is a world leader in telecommunications, with a progressive regulatory environment and a highly competitive market. It continues to promote itself as an information technology hub, driven by innovation.

The publisher forecasts that mobile subscriptions will grow and fixed broadband subscribers during over the period 2022-27. The number of fixed lines (including VoIP) will decline, at an over the same period. Internet user penetration will grow at an annual average rate of 1.8% in the forecast period and 91% of the population by 2027.

In 2021, the Singaporean telecommunications market represents 1.94% of Singapore's GDP, a proportion in line with other developed countries. The government has completed the rollout of its Next-Generation National Broadband Network (NGNBN). This is a hybrid network based on a combination of fibre-to-the-home (FTTH) and wireless infrastructure and continues to form the basis of the government's broadband strategy and implementation. The project is broadly regarded as a successful government policy, delivering world-leading gigabit services at affordable prices. Singapore is now in the fortunate position of being the world-leader in fixed broadband