SingTel CEO: No need for fourth carrier

Chua Sock Koong, chief executive officer of Singapore Telecommunications Ltd. (SingTel), speaks during a Bloomberg Television interview in Singapore, on Thursday, Aug. 13, 2015. Currency moves have had a significant impact on the companys earnings, Chua said. Photographer: Nicky Loh/Bloomberg Local Caption Chua Sock Koong

SINGAPORE: Singapore Telecommunications Ltd (SingTel) is downplaying the necessity for more competition in the city-state just as the regulator is gearing up to award a licence to a fourth carrier.

“We don’t believe there’s a need for a fourth operator,” Chua Sock Koong (pic), chief executive officer of Singapore’s biggest phone company, said in a Bloomberg Television interview.