09 Jul '11, 9am

IM$avvy Headlines: Govt has no issues with pay-TV price hike #Singapore #news

THE Government is not pressing the 'stop' button on SingTel and StarHub's plans to raise pay-TV prices. Ms Eileen Ang, head of competition and market access at regulator Media Development Authority of Singapore (MDA), said it was notified of their rate adjustments earlier last month. The MDA has so far 'not found any reason to indicate that any of the pay-TV retailers have been acting anti-competitively', she added. 'There are therefore no grounds for MDA to take action... or to otherwise intervene in a commercial pricing decision,' she said. Citing rising content costs, StarHub had announced publicly last Tuesday that it would raise monthly subscription fees by $2 from Aug 1. This hike, its first in four years, will affect 542,000 existing customers and new subscribers who will now have to pay $26 or more a month. SingTel is raising the price of its sports channel from $3...

Full article: http://www.cpf.gov.sg/imsavvy/infohub_article.asp?readid=...

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