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Singapore - Market Intelligence Report
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Market Intelligence Reports provide an invaluable mix of vital market data and background information, including telecoms regulation. Singapore's info-communications industry generated total revenue of S$37,890 million in 2005, up from S$34,770 million in 2004. Over the two years to the end of 2007, the industry should see revenues grow by a further 10.4%, to S$41,849 million. Hardware and telecommunications services account for the lion's share of revenues each year, although the market for hardware has been growing faster than that for services. In 2005, hardware accounted for 51% of revenues, up from 47% in 2004, whereas services accounted for 19% of revenues in 2005, down from 20% in the previous year. The software and IT services sectors are also being squeezed, down from 15% and 10%, respectively, in 2004 to 14% and 9%, respectively, in 2005. Incumbent operator Singapore Telecom (SingTel) surrendered its monopoly on the fixed-line services market in 1998, following the licensing of a second national network operator - StarHub. This company was also given Singapore's third cellular licence, allowing it to compete with SingTel Mobile (licensed in 1992) and MobileOne (M1, licensed in 1995). All three mobile licensees were later awarded third-generation (3G) mobile telecommunications licences. The two fixed operators were to operate in a duopoly market until 2002. Nevertheless, the government later backtracked on this promise when it announced that the market would be opened to competition in all services from April 1, 2000. All restrictions on foreign investment were also lifted at that time. SingTel and StarHub were both awarded compensation for the early termination of their exclusivity periods. In July 2002, StarHub merged with cable TV operator Singapore Cable Vision (SCV). By the end of September 2006, the Infocomm Development Authority (IDA, Singapore's telecommunications regulatory agency) was claiming that there were 4,416,000 mobile subscribers in total; this included 645,300 3G subscribers. However, the figures obtained directly from the operators totalled 4,413,000, a small discrepancy that is most likely attributed to the rounding-up of subscriber figures by operators when publicly reporting their results. With approximately 1.70 million subscribers, SingTel accounted for 38.5% of the market, closely followed by StarHub at 1.47 million subscribers (33.3%). With 1.25 million subscribers, M1 remained the smallest player, with a 28.2% market share. However, M1 appears to have the lead in the 3G market, with around 379,700 customers and 49.5% of the 3G subscriber base as of September 2006. SingTel's 259,000 subscribers gave it a market share of 33.8% at that time. StarHub had 128,000 3G subscribers and thus had 16.7% of the market.
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