It used to flirt with being in the 50s%. This is with 'fat'...

It used to flirt with being in the 50s%. This is with 'fat' operations. The government knows this and wanted someone to "compete" and keep them in check. This is why the IMDA is rolling the red carpet out for TPG. Craig Moffatt/David Teoh can only be happy with how they are being treated. Look at the way the government is ordering rooftop access despite whinging from the incumbents. You also have to understand the head of SingTel was Lee Hsien Long's brother. Look at the way IMDA keeps shouting to the public that there will be a newcomer through blogs and other channel (free publicity). The state owns 49.9% of SingTel too. We can only dream of our government doing this i.e. the right thing for consumers/citizens.

After the reaction from telcos, and unlimited data only on weekends!, the EBITDA margin is still well in the 40s with fat.

This is a akin to a modest gold mine.