Singapore Telecoms Market Report

Telecoms, Mobile and Broadband - Statistics and Analyses

Publication Date: June 2026

Report Pages: 202

Lead Analyst: Henry Lancaster

Contributing Analyst: Sebastien De Rosbo

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Summary
Table Of Contents

Singapore promotes near-offshore data centres to address land constraints

While Singapore’s telecom sector remains vibrant, the main telcos have felt constraints on investment as revenue comes under pressure from market competition. In the mobile sector, this competition proved to be unsustainable and led to consolidation in the form of Keppel’s August 2025 agreement to sell its 83.9% stake in M1 to Simba Telecom. The deal excludes M1’s non-telecommunications assets such as data centres and subsea cables, and if approved by the regulator it will reduce the number of MNOs in the market from four to three.

The major telcos have continued to improve their service offerings in a bid to attract new customers and encourage churn from competitors. Each has also taken on board the government’s project to extend 10Gb/s services across the territory in a bid to ensure that all households and business can make unhindered use of the potential of AI for many years to come.

The island state has also bolstered its data centre capacity, and remains one of the key data centre and AI hubs in the region. Although the lack of land locally has meant that international data centre providers have also looked to neighbouring countries such as Thailand and Indonesia for new projects, Singapore is nevertheless keen to retain its data centre capacity by investing in near-shore data centres. These address the lack of suitable land, and by using at least 50% renewable power sources and by relying on sea water for cooling they also consider two of the other major constraints which have emerged in recent years. Singapore is also to significantly increase its international internet capacity by laying new subsea cables, with several projects to come online through to 2029.

Key developments

StarHub’s eight Telecom preps for launch of a 100Gb/s home broadband service.
Singapore Economic Development Board calls for applications to build a new 200MW data centre.
Keppel agrees to sale of M1 to Simba.
Bifrost Cable System linking the US to Singapore is lit.
Keppel Data Centres developing Floating Data Centre concept to address land constraints in Singapore.
Report update includes the regulator’s annual report for 2024, market data to August 2025, telcos’ data to Q3 2025, updated Telecom Maturity Index charts and analyses, recent market developments.

Key companies mentioned in this report:

Singtel, StarHub, M1 (Keppel), Simba Telecom (TPG Telecom), Tuas

Key statistics
Regional Asia market comparison

Market characteristics
Market Leaders
Market Challengers
Market Emergents
TMI vs GDP
Mobile and mobile broadband penetration
Fixed versus mobile broadband penetration

Telecommunications market
Regulatory environment

Regulatory authority
Fixed network developments

Cyber Security

Mobile network developments

Spectrum auctions

Mobile market

Market analysis
Market statistics
Mobile data

Mobile broadband
Mobile infrastructure

5G
4G (LTE)
3G
GSM
VoWiFi
Radio Dot System
LampSite
Satellite mobile
Light Fidelity (Li-Fi)
Licensed Assisted Access (LAA) Small Cells

Mobile operators

Singtel
StarHub
M1
Simba Telecom
MNVOs

Fixed-line broadband market

Market overview
Broadband statistics
Fixed broadband service providers

SingNet
StarHub
M1
Simba Telecom

Fixed-line broadband technologies

Hybrid Fibre Coax (HFC) networks
Digital Subscriber Line (DSL) networks
Fibre-to-the-Premises (FttP) networks
Fixed wireless (Wi-Fi and WiMAX)

Digital economy

e-Commerce

Smart Nation initiative

E-Payments
e-Government
Artificial Intelligence (AI)

Fixed network operators

Singtel
StarHub
M1

Telecommunications infrastructure

National telecom network
Next Generation Nationwide Broadband Network (NGNBN)

Background and timeline

International infrastructure

Satellite networks
Submarine cable networks

Data centres
Smart infrastructure

Internet-of-Things (IoT)
Smart Nation Platform
Cyber Security Centre
Smart Meters

Appendix – Historic data
Glossary of abbreviations
Related reports

List of Tables

Table 1 – Top Level Country Statistics and Telco Authorities – 2026 (e)
Table 2 – Growth in the number of mobile subscribers and penetration – 2014 – 2028
Table 3 – Change in the number of mobile subscribers by platform (thousand) – 2010 – 2025
Table 4 – Change in SMS traffic – 2020 – 2025
Table 5 – Growth in the number of active mobile broadband subscribers and penetration – 2014 – 2028
Table 6 – Increase in mobile data traffic – 2021 – 2025
Table 7 – Increase in the number of 5G subscribers by type (million) – 2022 – 2025
Table 8 – Growth in the number of LTE subscribers by type (million) – 2014 – 2025
Table 9 – Decline in the number of 3G subscribers (million) – 2010 – 2024
Table 10 – Change in the number of mobile subscribers by operator (million) – 2011 – 2024
Table 11 – Change in the market share of mobile subscribers by operator – 2011 – 2024
Table 12 – Development of Singtel’s domestic mobile service revenue – 2010 – 2026
Table 13 – Growth in the number of Singtel’s mobile subscribers (million) – 2011 – 2025
Table 14 – Decline in Singtel’s mobile ARPU (S$/subscriber/month) – 2011 – 2025
Table 15 – Change in StarHub’s mobile service revenue – 2011 – 2025
Table 16 – Change in the number of StarHub’s mobile subscribers (thousand) – 2011 – 2025
Table 17 – Development of StarHub’s annualised mobile ARPU (S$/subscriber/month)– 2011 – 2024
Table 18 – Change in the number of M1’s mobile subscribers (thousand) – 2011 – 2024
Table 19 – Development of M1’s revenue (S$ million) – 2019 – 2023
Table 20 – Change in M1’s mobile ARPU (S$ / month) – 2011 – 2018
Table 21 – Change in the number of Simba Telecom’s mobile subscribers – 2021 – 2025
Table 22 – Development of Simba Telecom’s financial data – 2021 – 2025
Table 23 – Change in the number of fixed and wireless broadband subscribers (million) – 2010 – 2025
Table 24 – Change in the proportion of fixed and wireless broadband subscribers – 2010 – 2025
Table 25 – Growth in the number of fixed broadband subscribers and penetration – 2014 – 2028
Table 26 – Change in the number of fixed broadband subscribers by type – 2010 – 2025
Table 27 – Change in the number of fixed broadband subscribers by access type – 2011 – 2025
Table 28 – Growth in the number of SingNet’s fixed broadband subscribers – 2011 – 2025
Table 29 – Change in the number of StarHub’s fixed broadband subscribers – 2011 – 2025
Table 30 – Change in StarHub’s fixed broadband revenue – 2020 – 2025
Table 31 – Change in StarHub’s fixed broadband ARPU – 2011 – 2025
Table 32 – Growth in the number of M1’s fibre broadband subscribers – 2012 – 2024
Table 33 – Change in M1’s fixed broadband ARPU – 2012 – 2018
Table 34 – Increase in I&C sectors value-add and annual growth– 2018 – 2024
Table 35 – Development of Singtel Group’s financial data (S$ million) – 2014 – 2026
Table 36 – Development of Singtel’s Singapore (consumer) financial data (S$ million) – 2014 – 2022
Table 37 – Development of Singtel’s Singapore financial data (S$ million) – 2023 – 2026
Table 38 – Decline in the number of Singtel’s fixed lines – 2011 – 2020
Table 39 – Development of StarHub’s operating revenue by market segment (S$ million) – 2009 – 2025
Table 40 – Development of StarHub’s financial data (S$ million) – 2009 – 2025
Table 41 – Decline in the number of fixed telephony lines and teledensity – 2014 – 2028
Table 42 – Total local international internet bandwidth capacity – 2019 – 2024
Table 43 – Chage in total owned international internet transmission capacity (Mb/s) – 2019 – 2024
Table 44 – Historic - Mobile subscribers and penetration – 1997 – 2013
Table 45 – Historic - Mobile subscribers market share by GSM, 3G, LTE – 2012 – 2017
Table 46 – Historic - GSM subscribers – 2010 – 2016
Table 47 – Historic - Mobile subscribers by operator (million) – 2000 – 2010
Table 48 – Historic - Mobile subscriber market share by operator – 2000 – 2010
Table 49 – Historic - Singtel - mobile subscribers (million) – 1998 – 2010
Table 50 – Historic - Singtel mobile ARPU – Postpaid, Prepaid (S$/month)– 2003 – 2010
Table 51 – Historic - StarHub mobile subscribers – 2000 – 2010
Table 52 – Historic - StarHub – ARPU for mobile services – Postpaid and Prepaid – 2003 – 2010
Table 53 – Historic – M1 mobile subscribers (million) – 1998 – 2010
Table 54 – Historic - Fixed broadband subscribers and penetration – 2012 – 2013
Table 55 – Historic - Fixed and wireless broadband subscribers and annual growth – 1999 – 2011
Table 56 – Historic - Singtel - fixed broadband subscribers – 2004 – 2010
Table 57 – Historic - Singtel Group’s financial data (S$ million) – 2013 – 2026
Table 58 – Historic - StarHub’s fixed broadband subscribers – 2003 – 2010
Table 59 – Historic - Cable modem subscribers – 2000 – 2010
Table 60 – Historic - DSL subscribers – 2000 – 2010
Table 61 – Historic - Fixed telephony lines and teledensity – 1998 – 2010
Table 62 – Historic - StarHub’s fibre broadband subscribers – 2014 – 2017
Table 63 – Historic - Change in StarHub’s mobile service revenue – 2009 – 2010
Table 64 – Historic - Change in M1’s mobile ARPU (S$ / month) – 2008 – 2010
Table 65 – Historic - Development of M1’s operating revenue, capex and EBITDA (S$ million) – 2008 – 2010
Table 66 – Historic - Decline in StarHub’s broadband ARPU – 2006 – 2010
Table 67 – Historic - Decline in the number of Singtel’s fixed lines – 2007 – 2010
Table 68 – Historic - Total international internet bandwidth – 2006 – 2010
Table 69 – Historic - Mobile broadband subscribers and penetration – 2007 – 2013

List of Charts

Chart 1 – Asia Telecoms Maturity Index – Market Leaders
Chart 2 – Asia Telecoms Maturity Index – Market Challengers
Chart 3 – Asia Telecoms Maturity Index – Market Emergents
Chart 4 – Asia – Telecoms Maturity Index vs GDP per capita
Chart 5 – Asia – Mobile subscriber penetration vs mobile broadband penetration
Chart 6 – Northern Asia – Mobile subscriber penetration vs mobile broadband penetration
Chart 7 – Central Asia – Mobile subscriber penetration vs mobile broadband penetration
Chart 8 – South East Asia – Mobile subscriber penetration vs mobile broadband penetration
Chart 9 – Northern Asia – Fixed and mobile broadband penetration
Chart 10 – Central Asia – Fixed and mobile broadband penetration
Chart 11 – South East Asia – Fixed and mobile broadband penetration
Chart 12 – Growth in the number of mobile subscribers and penetration – 2014 – 2028
Chart 13 – Change in the number of mobile subscribers by platform – 2010 – 2025
Chart 14 – Change in SMS traffic – 2020 – 2025
Chart 15 – Growth in the number of mobile broadband subscribers and penetration – 2014– 2028
Chart 16 – Increase in mobile data traffic – 2021 – 2025
Chart 17 – Increase in the number of 5G subscribers by type – 2022 – 2025
Chart 18 – Growth in the number of LTE subscribers by type – 2014 – 2025
Chart 19 – Decline in the number of 3G subscribers – 2012 – 2024
Chart 20 – Change in the number of mobile subscribers by operator – 2011 – 2024
Chart 21 – Change in the market share of mobile subscribers by operator – 2011 – 2024
Chart 22 – Development of Singtel’s domestic mobile revenue – 2010 – 2026
Chart 23 – Growth in the number of Singtel’s mobile subscribers – 2011 – 2025
Chart 24 – Decline in Singtel’s mobile ARPU – 2011 – 2025
Chart 25 – Change in StarHub’s mobile service revenue – 2011 – 2025
Chart 26 – Change in the number of StarHub’s mobile subscribers – 2011 – 2025
Chart 27 – Development of StarHub’s annualised mobile ARPU – 2011 – 2024
Chart 28 – Change in the number of M1’s mobile subscribers – 2011 – 2024
Chart 29 – Development of M1’s revenue – 2019 – 2023
Chart 30 – Change in M1’s mobile ARPU – 2011 – 2018
Chart 31 – Change in the number of Simba Telecom’s mobile subscribers – 2021 – 2025
Chart 32 – Development of Simba Telecom’s financial data – 2021 – 2025
Chart 33 – Change in the number of fixed and wireless broadband subscribers – 2010 – 2025
Chart 34 – Change in the proportion of fixed and wireless broadband subscribers – 2014 – 2025
Chart 35 – Growth in the number of fixed broadband subscribers and penetration – 2014 – 2028
Chart 36 – Change in the number of fixed broadband subscribers by type – 2014 – 2025
Chart 37 – Change in the number of fixed broadband subscribers by access type – 2011 – 2025
Chart 38 – Growth in the number of SingNet’s fixed broadband subscribers – 2011 – 2025
Chart 39 – Change in the number of StarHub’s fixed broadband subscribers – 2011 – 2025
Chart 40 – Change in StarHub’s fixed broadband ARPU – 2011 – 2025
Chart 41 – Growth in the number of M1’s fixed broadband subscribers – 2012 – 2024
Chart 42 – Change in M1’s fixed broadband ARPU – 2012 – 2018
Chart 43 – Development of Singtel Group’s financial data – 2014 – 2025
Chart 44 – Development of Singtel’s Singapore (consumer) financial data – 2014 – 2022
Chart 45 – Development of Singtel’s Singapore financial data – 2023 – 2026
Chart 46 – Decline in the number of Singtel’s fixed lines – 2011 – 2020
Chart 47 – Development of StarHub’s operating revenue by market segment – 2014 – 2025
Chart 48 – Development of StarHub’s financial data – 2014 – 2025
Chart 49 – Decline in the number of fixed telephony lines and teledensity – 2014 – 2028
Chart 50 – Change in owned international internet transmission capacity by platform – 2019 – 2024

List of Exhibits

Exhibit 1 – Map of Telecom Maturity Index global ranking among countries in Asia
Exhibit 2 – Generalised Market Characteristics by Market Segment
Exhibit 3 – Asia – Market Leaders and market developments
Exhibit 4 – Asia – Market Challengers and market developments
Exhibit 5 – Asia – Market Emergents and market developments
Exhibit 6 – 5G licensees and spectrum allocation – December 2021
Exhibit 7 – Third Generation (3G) licensees, spectrum, and vendors
Exhibit 8 – Singtel’s regional subsidiaries and shareholdings
Exhibit 9 – Major shareholders in StarHub
Exhibit 10 – Structure of the NBN
Exhibit 11 – International submarine cable systems with landing points in Singapore

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Singapore Telecoms Market Report

Telecoms, Mobile and Broadband - Statistics and Analyses

Purchase this Report

Singapore promotes near-offshore data centres to address land constraints

Key developments

Key companies mentioned in this report:

Key statistics

Regional Asia market comparison

Telecommunications market

Regulatory environment

Mobile market

Fixed-line broadband market

Digital economy

Fixed network operators

Telecommunications infrastructure

Appendix – Historic data

Glossary of abbreviations

Related reports

Purchase this Report

Share this Report

TMT Intelligence

A platform to scale your intelligence tasks

Research Methodology

Hot Topics

News & Views