Telcos: More competition coming in the way for the local telcos after Australian telecom operator Telstra Corp received new operating licenses in Spore and Japan, allowing it to own infrastructure facilities and provide services to customers in both countries. Financial details were not disclosed.
In Spore, Telstra will open and operate voice and data networks locally that will allow the company to build the local backbone required for new cable submarine capacity to Spore.
SingTel -1.3% to $3.11, StarHub flat at $2.89, M1 -1.6% to $2.42
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