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SingCast was Singapore’s # 2 market share broadband product owner. After only two years from receiving its government license to supply consumer services, SingCast was on pace to surpass MediaOne, the actual marketplace share leader for broadband connectivity and consumer e-mail subscribers. SingCast’s multi-million dollar bet of wiring fiber-optic cable directly to consumers’ homes was consolidating. Consumers in droves were cutting the cord with MediaOne, primarily is among the poor customer service, high prices, and aging technology infrastructure. SingCast’s stock was hot, up 42% in 9 a few. The shareholders were pleased with SingCast’s new strategic emphasis on consumers versus its previous strategy of primarily targeting enterprises.
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