Singapore to Auction Mobile Spectrum to Lure Fourth Provider
Yachts sit moored in front of Reflections at Keppel Bay property development in Singapore, on Tuesday, Nov. 17, 2015. Singapore landlords are loading up on bonds masked as equity to get around new rules curbing their debt amid a property slump.
Photographer: Sam Kang Li/BloombergSingapore’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.