In a race to the bottom to win more customers, fibre broadband providers in Singapore have gone from offering no contracts and freebies to slashing prices.

Now, one new internet provider WhizComms¬†is staking its claim as the country’s cheapest broadband provider by offering customers 1GB fibre broadband for 24 months at S$32 (US$23), and S$36 (US$26) or a 12 months plan.

Before WhizComms, M1’s S$39 (US$28) 24 months 1GB fibre broadband¬†was the market’s cheapest.

In an interview with the Straits Times, Managing Director of WhizComms, Chiang Chee Cheong, said the barebones structure of the plan helps to keep cost low — customers have to purchase routers and modems.

Additionally, unlike other established providers, WhizComms is a virtual operator, relying on existing fibre optic network infrastructure and purchases network access wholesale from Singtel. It also has no physical retail outlets.

WhizComms is currently having a promotion where the first 1,000 customers are given a free three-month trial with an option to terminate the service when the trial is up.

Image Credit: WhizComms