Singapore’s telecoms regulator Info-communications Media Development Authority (IMDA) has concluded the first phase of a spectrum auction which raised a total of SGD1.14 billion ($816.2 million) for 175 MHz of spectrum to the nation’s four telcos, including the new supplier TPG Telecom.
Singtel will pay S$563.7 million for 75 MHz of spectrum, including 40 MHz of 700 MHz spectrum, 10 MHz of 900MHz spectrum, plus a right of first refusal for 10 MHz of 900 MHz spectrum and 15 MHz in the 2.5 GHz band.
StarHub will pay S$349.6 million for 30 MHz in the 700 MHz band, 20 MHz in the 2.5 GHz band and a right of first refusal to 10 MHz in the 900 MHz spectrum band.
M1 bid S$208 million for 20 MHz of 700 MHz spectrum and a right of first refusal to 10 MHz in the 900 MHz band.
TPG Telecom bought S$23.8 million for 10 MHz in the 2.5GHz band.
An auction of 900 MHz and 2.5 GHz spectrum will start in July 2017, while 700MHz spectrum will be put up for bid in January 2018.