Singapore to auction mobile spectrum to lure fourth provider
SINGAPORE: Singapore's Infocomm Development Authority plans to auction additional mobile spectrum this year as it seeks to lure a new entrant to compete with the city's three existing providers. The IDA will allocate a total of 235 megahertz of spectrum in two stages, the first only open to pre-qualified bidders that do not currently operate a nationwide mobile network in Singapore, it said in a press statement released Thursday. The IDA will make available 60 MhZ of spectrum at a reserve price of S$35 million, with the rights commencing in April 2017. The IDA will then hold a general auction open to the three incumbent providers -- M1 Ltd., Singapore Telecommunications Ltd. and StarHub Ltd. -- and any new entrant arising from the first stage of bidding. The IDA said it would require any new mobile network operator to provide nationwide coverage by October 2018. "This release of spectrum is timely as it will support the growth of applications that rely on data, as well as new growth areas," IDA Managing Director Jacqueline Poh was quoted as saying in the statement.