Categorized | Business

Tags : ,

3.5 million S’poreans from all walks of life join hands to start their own 5th telco

Posted on 10 March 2016

They will own, subscribe and provide services for themselves, by themselves.

telcos-singapore-no-600px

Singaporeans from all walks of life, who no longer want to be held hostage by all three telcos Singtel, M1 and StarHub, have come together to form their own telco, which will potentially be Singapore’s fifth operator.

This after all three telcos have been offering to double mobile data caps in response to the potential fourth telco MyRepublic’s offer of S$8 for 2GB data per month, which shows they have been ripping off customers for years by overpricing their services.

One Singaporean, Soh Cher Lees, said all 3.5 million Singaporeans are going to band together to start their own telco and leave the previous telcos for dead: “Singaporeans will each contribute S$300 each, which is less than what we pay for our mobile data bill in a year, and pool together some S$1 billion in liquid cash to start our own telco.”

“This telco will then be owned by all Singaporeans, who will then still pay for a subscription to maintain the operations and hire people to work. But any excess funds will then be redistributed back to the people as no one person will stand to profit.”

“This will be an innovations-driven telco, and not one that is profit-driven by exploiting people.”

“This means we will no longer have to pay a fat cat CEO and management board millions of dollars in salary a year for no reason.”

“Singaporeans will get to own our own means of production and put an end to this rent-seeking capitalist pig mentality.”

Majulah Singtel.

Posted by We Are Kanina on Wednesday, 9 March 2016

 

 

 

 

 











This post was written by:

- who has written 2685 posts on New Nation.

Wang Pei can be considered a new citizen of Singapore. She has been here all her life, just that her environment's changed beyond recognition.

Contact the author