New rules on telco contract duration to benefit consumers

Come March 2010, telcos in Singapore will not be allowed to lock-in consumers for more than 24 months. Also from next March, consumers who sign on a contract longer than three months and who terminate their contract before the end of their contract period will no longer have to pay a fixed early termination charge. Instead, they will see these charges decrease over time on a month-by-month basis as they serve out their contract.

These are new guidelines set out by IDA Singapore.

Consumers to Benefit from New Guidelines on Telecommunication Services [via]