FULL LIBERALISATION - SINGTEL’S PERSPECTIVE & EXPECTATIONS

1. FULL LIBERALISATION- SINGTEL’S PERSPECTIVE & EXPECTATIONS Presentation by Ying Lai Chang Director, International Affairs & Regulatory Affairs Singapore Telecom Group 15 May 2000

2. Where we come from… • 120 years of heritage providing telecommunication services in Singapore • Invested substantially in and upgraded domestic & international networks • Ubiquitous domestic networks connecting all users and providing access to services • Delivering benefits to all users

3. What we believe in… • Contributing to making Singapore the region’s leading communications & information technology hub • Catching the liberalisation wave early • Having a regulatory environment that • promotes long-term sustainable competition • encourages infrastructure investments • ensures level-playing field • distributes fair share of benefits and burdens to players

4. How we would like to see this achieved… • Regulatory framework • Reliance on market forces and commercial negotiations • Industry consultation and participation • Industry self-regulation • Regulatory review • Avoidance of unnecessary delay • Non-discriminatory decision making

5. Regulatory framework • Clear and transparent framework • Light handed approach towards regulation • Minimum regulatory requirements designed to prevent and deter anti-competitive behaviour

6. Reliance on market forces & commercial negotiations • Operation of market forces more effective means of promoting consumer welfare and delivering consumer benefits • Allow market forces to operate unfettered by unnecessary regulatory intervention • Emphasis on commercially negotiated outcomes

7. Industry consultation & participation • Consultative approach to telecoms policy making • Encourage interest in policy issues and participation from industry • Opportunity to provide constructive inputs to assist in policy deliberations

8. Industry self-regulation • Momentum from industry consultation provides evolutionary step towards greater industry self-regulation • Players more aware of and involved in issues facing industry • Role in and responsibility towards shaping the future destiny of the industry

9. Regulatory review • Timely review now with the introduction of full liberalisation in Singapore • Periodic review to ensure level of regulation matches and keeps pace with the market • Regulatory review on annual basis at a minimum

10. Avoidance of unnecessary delays • Desire to adopt timely & efficient decision making process • Should not be at expense of fully informed and considered decisions • Specified timeframes should only act as guidelines

11. Non-discriminatory decision making • Non-discriminatory approach to and accountability in decision making • Decisions should reflect relevant differences between licensees and categories of licensees

12. Supporting IDA’s Goals… • Promoting efficiency and international competitiveness of info-comm industry in Singapore • Ensuring services are reasonably accessible at performance standards which reasonably meet social, industrial and commercial needs • Promoting & maintaining fair & efficient market conduct and effective competition

13. Supporting IDA’s Goals… • Promoting effective participation of the info-comm industry in Singapore • Encouraging, facilitating & promoting industry self-regulation • Encouraging, facilitating & promoting investment, development & expansion of the info-comm industry in Singapore

14. Thank you