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Singapore Telecommunications (SingTel) is one of Singapore's largest mobile phone operators. Outgrowing Singapore.
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[image001.gif] [image002.gif] Outgrowing Singapore Today (Singapore) February 21, 2002 Chan Chao Peh Covers Topics: 2.2 Aims and objectives of firms 2.3 Economic efficiency Word Count: 447 words Date: February 25, 2002 Singapore Telecommunications (SingTel) is one of Singapore's largest mobile phone operators. As a former telecommunications monopoly, SingTel has approximately 1.5 million mobile phone users in Singapore, owning more than 50% of the market share. However, SingTel faces a huge dilemma as growth in the market is slow due to the saturation of the market. Statistics show, 7 out of 10 Singaporeans own mobile phones. Since the Singaporean mobile phone market has witnessed a growth of only 0.4%, SingTel must rely on its overseas markets and try to expand from there. The mobile phone market in Singapore is an oligopolistic market. In such a market, there are many assumptions that must be made. An oligopolistic market must be restricted...
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