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Dated: 24 September 2003
No bids were received for a licence to operate a second pay TV service in Singapore at the close of the tender this afternoon.
The invitation to run Singapore's second subscription TV service was issued on 25 Jun 2003, in response to industry interest in providing a competing service upon the expiry of the then-Singapore Cablevision's seven-year monopoly.
The Media Development Authority (MDA) notes that potential bidders would have taken in account various factors in determining their business cases, including the ability of the market to sustain a second pay TV operator. The prevailing economic situation could also have a significant impact on the viability of a second pay TV operator.
The agency understands the reluctance of the industry to enter the market at this point in time, and will therefore remain open to expressions of interest from potential players at a later date when market conditions have improved.
