The region’s internet economy is on the up but profits at telecoms firms are going down. Photo: AFP

Asia’s digital economy is booming. So why are Singtel and Co struggling?

  • As tech firms and internet services ride a wave of success, the firms supplying their lifeline – data and connectivity – are caught in a downward spiral
  • But while price wars, falling profits and cost cutting may be bad news for telcos, there’s a payoff for consumers – at least for now
Topic |   Singapore

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The region’s internet economy is on the up but profits at telecoms firms are going down. Photo: AFP
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