Singapore on Track to Develop Vibrant 5G Ecosystem
Singapore’s IMDA issued Final Awards to SingTel and the JV Consortium formed by StarHub and M1, at the close of a rigorous and holistic 5G Call for Proposal process. Returns of SingTel and StarHub, together with NetLink’s abbreviated returns for the past 3 years were more defensive than telecommunication peers, with the trio averaging an 10% decline in total return, versus APAC’s median decline of 22% and a global median decline of 18%.