Circles.Life warns M1-Simba telco merger could hurt consumers in submission to IMDA
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A merged Simba-M1 entity would control 77 per cent of the wholesale market and have a postpaid retail market share exceeding 38 per cent, notes Circles.Life.
PHOTO: ST FILE
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SINGAPORE – Mobile network operator Circles.Life has raised concerns about the proposed deal between rivals M1 and Australian-backed Simba Telecom
In a formal submission to the Infocomm Media Development Authority (IMDA), Circles.Life said the merged entity would control 77 per cent of the wholesale market and have a postpaid retail market share exceeding 38 per cent.
“The need to retain competition for consumers is a central focus of this regulatory process,” it argued.
On Aug 11, Keppel said it would sell the telco business of its subsidiary M1 to Simba for $1.43 billion, in what is set to be Singapore’s first telco consolidation.
IMDA launched a public consultation on the proposed transaction in October, which concluded on Nov 7.
Circles.Life said its submission “draws on years of operational experience under Singapore’s mobile virtual network operator wholesale access framework”.
It added: “We firmly believe that if necessary protections are not put in place, Singapore consumers will suffer.”
The network operator called on IMDA to enforce its wholesale framework for all mobile virtual network operator contracts with the merged entity.
Circles.Life said it is confident that IMDA will take the necessary steps to safeguard innovation, fairness and choice for Singapore consumers.
“Ensuring fair wholesale access is essential to keeping Singapore’s telco ecosystem open and balanced.”
In their proposal to IMDA, Simba and M1 said they would continue to offer their popular $10 and $12 mobile plans
These and other commitments were published on the regulator’s website on Oct 1.
M1 also said it would honour all existing commitments and contracts, including ensuring that current subscribers of its mobile virtual network operators will not be affected.
Circles.Life is one of these operators. THE BUSINESS TIMES
