The Infocomm Development Authority of Singapore (IDA) has released details on the Second Generation (2G) Spectrum Rights auction. IDA had earlier announced its intention to assign remaining 2G spectrum, via an auction approach to the existing mobile phone operators and ...
Singapore, 15 May 2001 | For Immediate Release
The Infocomm Development Authority of Singapore (IDA) has released details on the Second Generation (2G) Spectrum Rights auction. IDA had earlier announced its intention to assign remaining 2G spectrum, via an auction approach to the existing mobile phone operators and any new 3G entrant. An auction is an efficient, objective and transparent mechanism for assigning a scarce resource to those who value it the most. Only the existing three mobile phone operators are eligible to participate in the coming auction, scheduled for third quarter 2001. This additional spectrum is to cater for expansion of their current operations and enhancement of the range and quality of services offered.
Five Spectrum Lots will be offered for auction, at the auction reserve price of $700,000 per Spectrum Lot. The Spectrum Rights granted in this auction is valid for seven years. Each lot is a generic 2X5Mhz GSM 1800 spectrum block, and each auction participant will be allowed to bid for a maximum of three Spectrum Lots.
ISSUED BY CORPORATE COMMUNICATION DEPARTMENT
INFOCOMM DEVELOPMENT AUTHORITY OF SINGAPORE
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:
Dulcie Chan
Senior Manager, Corporate Communication
Infocomm Development Authority of Singapore
Tel: +65 6211 1999
Fax: +65 6211 2227
Email: dulcie_chan@imda.gov.sg
Jennifer Toh
Manager, Corporate Communication
Infocomm Development Authority of Singapore
Tel: +65 6211-0508
Fax: +65 6211-2227
Email: jennifer_toh@imda.gov.sg
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