Singtel named 6th strongest telecoms brand in the world by Brand Finance

Singapore Telecommunications Ltd (Singtel) has been named the world’s sixth strongest telecoms brand in Brand Finance’s Telecoms 150 list, which ranks the most valuable and strongest telecoms brands globally. This latest placing crowns a year of significant achievements for Singtel, as it moves up three spots globally from ninth position last year with an improved score of 88.3 out of 100, while retaining its Triple A rating from last year.

Singtel has been Singapore’s top telecoms brand since 2010, when the list was first launched. Brand Finance attributes Singtel’s stronger brand equity to its fast and robust 5G network, consistent customer experience via its website and apps, and value for money products and services for both consumers and enterprises. Singtel also scored well for familiarity of its brand and brand recall. These efforts have enabled Singtel to retain its customer base and cement its position as a leading player in the global telecoms industry.

According to Mr Alex Haigh, Brand Finance’s Managing Director for Asia Pacific, “Singtel has strengthened its brand leadership significantly in the past year. Its commitment to 5G, consistent customer service and coverage of the 2022 FIFA World Cup, has seen it climb the ranks within the global top ten telecoms brands.”

Singtel’s Vice President of Strategic Communications and Brand, Ms Lian Pek, said, “It’s very encouraging to be roundly recognised for values that really matter to us as a brand – the quality of our 5G leadership, value for money products and services, strong brand and ad recall and high familiarity scores.”

In July last year, Singtel completed the nationwide rollout of its 5G Standalone network three years ahead of time, scoring a global first for Singapore as the country with full 5G Standalone coverage. Singtel’s 5G network was also rated the fastest network in Singapore by Ookla in 2021. According to the Infocomm Media Development Authority’s latest report on customer handling, Singtel had the lowest complaint rate for its mobile services among network operators, as well as the lowest complaint rate for fixed broadband services in December 2022.

In brand value terms, Singtel also grew, climbing up three spots from 40th in 2022 to become the world’s 37th most valuable telecoms brand. Brand Finance said this is due to resilient mobile service revenue, the brand’s improved brand strength index, and favourable economic factors, such as the lower cost of capital in Singapore.