Three Second Generation (2G) Spectrum Rights have been provisionally awarded today to each of the three eligible bidders who submitted Initial Offers1 to the Infocomm Development Authority of Singapore (IDA). In accordance with the auction rules, as the Initial Offers...
Singapore, 29 August 2001 | For Immediate Release
Three Second Generation (2G) Spectrum Rights have been provisionally awarded today to each of the three eligible bidders who submitted Initial Offers1 to the Infocomm Development Authority of Singapore (IDA). In accordance with the auction rules, as the Initial Offers received by IDA was equal to the total number of 2G Spectrum lots offered, the 2G Spectrum Rights auction will not proceed. Each bidder will be awarded two 2G spectrum lots at the reserve price of S$120,000 per lot.
The three eligible bidders provisionally awarded 2G Spectrum Rights are:
a) MobileOne (Asia) Pte Ltd;
b) Singapore Telecom Mobile Pte Ltd; and
c) StarHub Mobile Pte Ltd.
The three eligible bidders are each required to make payment to IDA by 7 September 2001. After receipt of payment, each eligible bidder will then be granted the 2G Spectrum Right.
More information on the 2G Spectrum Rights auction.
ISSUED BY CORPORATE COMMUNICATION DIVISION
INFOCOMM DEVELOPMENT AUTHORITY OF SINGAPORE
Notes to Editor:
1. The Initial Offers confirm the bidders' commitment to participate in the auction, including the number of 2G spectrum lots each bidder is interested to obtain.
About Infocomm Development Authority of Singapore
The Infocomm Development Authority of Singapore (IDA) is a dynamic organisation with an integrated perspective to developing, promoting and regulating info-communications in Singapore. In the fast-changing and converging spheres of telecommunications, information and media technologies, IDA will be the catalyst for change and growth in Singapore's evolution into a vibrant global info-communications technology centre. For more information, please visit www.imda.gov.sg.
For media clarification, please contact:
Ms Dulcie Chan
Senior Manager, Corporate Communication
Infocomm Development Authority of Singapore
Tel: +65 211-1999
Fax: +65 211-2227
Email: dulcie_chan@imda.gov.sg
Ms Jennifer Toh
Manager, Corporate Communication
Infocomm Development Authority of Singapore
Tel: +65 211-0508
Fax: +65 211-2227
Email: jennifer_toh@imda.gov.sg
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