The Infocomm Development Authority of Singapore (IDA) has reduced the annual licence fees payable by Services-Based Operators (SBO) licensed individually1, to a flat annual fee of S$5,000 with immediate effect. This was announced today by the Mr Yeo Cheow Tong, Minister for Communications and Information Technology ...
Singapore, 9 November 2001 | For Immediate Release
The Infocomm Development Authority of Singapore (IDA) has reduced the annual licence fees payable by Services-Based Operators (SBO) licensed individually1, to a flat annual fee of S$5,000 with immediate effect. This was announced today by the Mr Yeo Cheow Tong, Minister for Communications and Information Technology, at the AT&T "Bridging Businesses and 21st Century Networking Technology" Seminar.
This fee reduction is a result of IDA's review of its licensing framework, taking into consideration market developments after more than one year of liberalisation, feedback from the industry, and the current economic situation. The fee reduction, from the previous fee levied at 1% of Annual Gross Turnover (subject to a minimum of S$10,000) to a flat annual fee of S$5,000, represents a 50% fee reduction at least for all the current 119 SBO (Individual) licensees and new entrants.
ISSUED BY CORPORATE COMMUNICATION DIVISION
INFOCOMM DEVELOPMENT AUTHORITY OF SINGAPORE
Notes to Editor:
1. SBO (Individual) licensees refer to operators who lease international transmission capacity for the provision of services will be licensed individually. This includes services such as international simple resale, resale of leased circuits, public Internet access and virtual private networks. More information on the fee reduction is posted under the "Policy & Regulation / Licensing" section of the IDA website (www.ida.gov.sg). Minister Yeo's speech is also available under the "Newsroom" section.
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 Jennifer Toh
Assistant Manager, Corporate Communication
Tel: (65) 211-0508
Fax: (65) 211-2227
Email: jennifer_toh@imda.gov.sg
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
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