You know that telcos are avaricious. Are Singapore telcos so ? I think they are. Look at what they did.
Last month SingTel offered ‘Unlimited’ fiber optic data plan for S$69.90 pm for 800Mbps. But it still offers a 500 Mbps plan at S$79.90 pm. So the already locked-in customer has no choice but to pay more for lesser speeds while new customers would enjoy greater speeds at lower costs.
Earlier this year M1, the other telco in Singapore reduced the price of its 1Gbps fiber broadband plan from $399 to S$99 pm and later brought it to S$ 49 pm. And that is a whopping 88% reduction. How is that profitable at all ?
All this reduction in price is because a new telco by name My Republic has started offering 1Gbps at S$ 49 pm.
So if the telcos operate in tandem and have uniformly higher charges, the unaware customer has to pay.
Seems ‘Cheating’ has a new name – Price War.
Source : ‘Today’ paper, dtd 13-Sep-2014