IMDA raises S$1.14b from spectrum auction

Singapore

THE Info-communications Media Development Authority (IMDA) on Tuesday concluded the first stage of the latest round of General Spectrum Auction (GSA) for Singapore telcos, raising a total of S$1.14 billion by provisioning 175 MHz of spectrum among the four telcos, including the new entrant, Australia-based TPG Telecom, which recently won the right to be the fourth operator.

The spectrum rights will be granted following the completion of the next stage of the GSA and full payment for the awarded spectrum.

The spectrum is to be used by telcos for provisioning of high speed mobile broadband services. The 1…