SingTel to raise phone rates!!!
According to AsiaOne News:
SingTel fixed-line telephone customers will soon have to pay an additional $10 a year in subscription rates. The revision, starting from 1 January 2009, will represent an increase of 83 cents a month.
This is the first rate revision by Singtel in 18 years for its fixed-line telephone subscription and call charges.
With the revision, residential customers will now pay $110 per annum and business customers will pay $160.
Call charges will increase to 0.8 cents from 0.7 cents per 30-second block during peak hours and per 60-second block during off-peak hours.
To reflect changes in call traffic patterns, peak hours will also be revised to 9am to 7pm from 8am to 6pm, Mondays to Fridays. Saturdays, Sundays and Public Holidays are off-peak.
The new rates will translate to an additional cost of not more than $1.50 a month for most customers.
Mr Allen Lew, SingTel?s CEO Singapore, said: ?We have held off rate revisions for 18 years despite rising costs. Over the years, the two main cost components, manpower and materials, have increased substantially. The recent rapid increase in utility costs has also pushed up our running costs.??
Mr Lew stressed that with this adjustment, SingTel’s charges still remains one of the lowest in the region.
Read the full article at AsiaOne News
- Singtel is shooting their own foot by raising fees now when the economy is bad, there are so many alternatives out there that many people can simply move on to other service providers like Starhub which provide FREE telephone over their broad band connection.
Skype and other Voice Over Internet Service Provider can easily replace this void in a sweep across the market. Skype users can voice call another skype users for free when both are online at the same time…and pay a relatively low charges for toll charges if calling to mobile phones.
Singtel may inevitabily have to either lower the price of their land lines services or totally lose the land line market share when the new IT Generation Z comes out and makes land lines the thing of the past.
It’s time to head to the malls to buy that wireless Skype phone today!
I bet most electronic shops will hear more “ka-chin” sound from their register soon!
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Jimmoo
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Simon Tay
