Singapore has got the privatisation bug and is studying the best way of selling off the phone company, Singapore Telecoms: it definitely plans to float it on the local stock exchange, where it would be capitalised at up to $5,000m, but hasn’t decided whether to split it and sell just the telephone side, sell both phone and postal services separately, or retain the latter as a public monopoly; the phone side continues to invest $200m to $250m annually to improve the system, and another satellite earthstation and more dishes, and further submarine cables and international switching gateways are in the expansion plan.
