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