Yahoo Finance Singtel partners NTUC in five-year MOU to provide better connectivity
The telco will invest over $5 million to provide free or subsidised connectivity to retrenched or lower-income NTUC members.
Singapore Telecommunications (Singtel) and the National Trades Union Congress (NTUC) have signed a memorandum of understanding (MOU) to provide better connectivity to NTUC’s 1.3 million members, especially youths and professionals, managers and executives (PMEs).
The five-year partnership will see Singtel investing over $5 million to provide free or subsidised connectivity to some 6,000 NTUC members who are retrenched and from lower-income families, as well as digital literacy training to help members be better prepared against scams.
All NTUC members will enjoy exclusive offers and discounts across Singtel’s suite of consumer products, including mobile, broadband and TV.
New NTUC and Singtel customers will soon be able to easily sign up through a streamlined process that incorporates membership fees into their Singtel bills. Highlights include substantial savings on phone plans and broadband services, as well as a complimentary red membership for one year, which equates to savings of up to $500.
Singtel will also provide up to 50,000 NTUC members who have been retrenched as well as young seniors with subsidised mobile, broadband and TV subscription plans, along with other value-added services so that they and their families can continue to maintain digital connectivity and have access to online training.
Lastly, the collaboration will also see 500,000 members from the PME and migrant worker segments undergo digital literacy and scam awareness training.
NTUC Secretary-General Ng Chee Meng says, “In a world where digital connectivity has become a need, we are excited to partner with Singtel to ensure our members and their families have access to digital services that enable them to thrive.”
“This is a meaningful collaboration for Singtel because like us, NTUC is known for helping communities in Singapore. As a homegrown technology company, we’ve been providing connectivity to all segments of society so they can tap on digital tools, access job and educational opportunities,” adds Ng Tian Chong, CEO of Singtel Singapore.
As at 1.57 pm, shares in Singapore Telecommunications Z74 are trading four cents higher or 1.41% up at $2.88.
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