Sin­ga­pore to auc­tion mo­bile spec­trum to lure fourth provider

The Pak Banker - - BUSINESS -

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.

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