Ann: Acquisition of additional 5G spectrum, page-2

I'm the last person anyone would ask re connectivity and technology but even numbskulls like me know this is an excellent, welcome announcement.

Singapore is a society obsessed with technology, and communicating faster and more efficiently.

It's possible with Hong Kong's 'takeover' in all facets of life by the mainland Chinese Communist Party, Singapore will lay claim to being Asia's true business capital, meaning once COVID-19 is not responded to in panic by policymakers that the island state should attract more investment. With that will come a need for greater numbers of employees and contractors, many of whom may become TUA customers.

I trust Mr David Teoh's business acumen so presumably the S$31 million price allows TUA a decent return on the capital employed.

This advice to market delivers certainty re 5G and is nicely timed, coming just four days prior to TUA's Friday 3 December 2021 AGM.