Singapore telecommunications regulator Infocomm Development Authority (IDA) may not bother to hold a 3G (third-generation) spectrum auction as there are four licenses on offer and four qualified applicants, IDA announced Friday.
All of the four spectrum bids -- by Singapore Telecommunications (SingTel), StarHub, Mobile One Asia. (M1) and Hong Kong's Sunday Communications -- have been approved. The four blocks of spectrum on offer are almost identical, although one block contains 35MHz of bandwidth, marginally more than the other three which contain 34.6MHz.
The qualified bidders are required to specify which spectrum block they are interested in, and submit their initial offers at or above the reserve price of S$100 million (US$55.4 million) along with bank guarantees to IDA by Monday April 9. IDA will then announce whether it will proceed with the auction, IDA said in its statement.
The admission comes after the government in March slashed the reserve price by a third, from S$150 million, when it became clear that interest for the licenses would be lukewarm at best. IDA can be contacted at +65-322-1999 or online at http://www.ida.gov.sg/