Primary tabs

NetLink Trust unit price seemingly unaffected by $150,000 IMDA fine

PC Lee Published on Thu, Dec 28, 2017 / 11:25 AM GMT+8

A-

A+

SINGAPORE (Dec 28): Shares in NetLink NBN Trust are trading flat at 84 cents this morning, seemingly unaffected by news that it has been hit by a fine from the industry regulator.

The Infocomm Media Development Authority (IMDA) has imposed a financial penalty of $150,000 on NetLink Trust, for failing to meet its Quality of Service (QoS) standards in the assessment from July 2016 to June 2017 for both residential and non-residential orders.

During the period, NetLink Trust had fulfilled 91.54% to 94.83% of residential service orders within three business days or by the Request for Activation (RFA) date in each month.