Singapore Telecommunications (SingTel) has decided not to submit a tender for the second Subscription Television Service (Pay TV) license in Singapore. The company said that after careful evaluation of the framework of the license, it concluded that "there is no viable and sustainable business case for SingTel to make the significant investment required to enter the Pay TV market in the current environment." Among the factors cited for not pursuing the second Pay TV license from the government were the size of the Singapore market, the well-entrenched...