Singapore SMBs to Invest $1.5B in Internet Access and Telecom Services

By Raju Shanbhag TMCnet Contributing Editor Due to a sharp increase in spending on cell phones and long-distance telephony services, small and medium businesses (SMBs) in Singapore will be investing up to $1.5 billion on Internet access and telecom services this year. This investment reflects a rise of 3 percent from 2007. According to a latest study by New York-based Access Markets International (AMI) Partners, spending on cell phones and long-distance telephony services will make up about 50 percent of the total. As staff mobility increases, companies need to come up with new ways to cater to their needs. In Singapore, about half of its small businesses and 68 percent of medium businesses have employees that are increasingly mobile and need to travel on the job. By opting for notebook computers, the SMBs can save office... [read full story]