Singtel is 50.29% owned by various Temasek units, including unlisted ST Telemedia and STT Communications, while StarHub is 56.3% owned.
Temasek holds stakes in Singapore’s three major telecommunications operators — Singtel, StarHub (SGX:CC3
) and M1 — directly and indirectly.
However, the local market is becoming crowded with new entrants, putting pressure on average revenue per user (ARPU) levels.
