BBC NEWS Americas Africa Europe Middle East South Asia Asia Pacific
BBCi NEWS   SPORT   WEATHER   WORLD SERVICE   A-Z INDEX     

BBC News World Edition
 You are in: Business  
News Front Page
Africa
Americas
Asia-Pacific
Europe
Middle East
South Asia
UK
Business
E-Commerce
Economy
Market Data
Entertainment
Science/Nature
Technology
Health
-------------
Talking Point
-------------
Country Profiles
In Depth
-------------
Programmes
-------------
BBC Sport
BBC Weather
SERVICES
-------------
EDITIONS
Wednesday, 11 April, 2001, 13:32 GMT 14:32 UK
Singapore hands out 3G licences
View of Singapore
Only three bidders lined up for Singapore 3G licences
Singapore on Wednesday became the latest country to drop plans to auction third-generation (3G) mobile phone licences because of a lack of interest.

The country's telecoms authorities said licences would now be sold to the three existing mobile phone operators for the reserve price of 100m Singapore dollars ($55m; 39m) each.

Before the worldwide collapse in investor sentiment towards technology, telecoms and the 3G business model, Singapore had hoped to raise several billion Singapore dollars from a licence auction.

However, potential bidders melted away. Any chance of staging an auction was finally lost when the three eligible bidders opted for different parts of the available spectrum.

An auction would only have been possible if there had been competition for the same spectrum rights.

The three companies expected to obtain the new licences are:

  • MobileOne (Asia) - a venture of Keppel Telecommunications & Transportation, Singapore Press Holdings, Cable & Wireless and Pacific Century CyberWorks

  • Singapore Telecom Mobile - the mobile arm of Singapore Telecommunications

  • and StarHub Mobile, whose shareholders include Singapore Technologies, Singapore Power, British Telecom and Japan's NTT.

They have been given until 23 April to pay the 100m Singapore dollar licence fee.

Still interested

Singapore had hoped to sell four licences. But the fourth potential bidder, Hong Kong-based Sunday Communications, pulled out of the process earlier this week.

Sunday managing director Craig Ehrlich said the company was still interested in obtaining a 3G licence for Singapore but had been unable to complete project financing arrangements in time for the deadline.

Under the Singapore telecoms authorities' rules, a fourth licence cannot be sold for at least one year or at a price less than the 100m Singapore dollar reserve.

3G technology is intended to allow users much faster internet access from mobile phones as well as features such as video and networked games.


Key stories

Consumer choice?

CLICKABLE MAP

CLICKABLE GUIDE

AUDIO VIDEO
See also:

10 Apr 01 | Business
Internet links:


The BBC is not responsible for the content of external internet sites

Links to more Business stories are at the foot of the page.


E-mail this story to a friend

Links to more Business stories

© BBC ^^ Back to top

News Front Page | Africa | Americas | Asia-Pacific | Europe | Middle East |
South Asia | UK | Business | Entertainment | Science/Nature |
Technology | Health | Talking Point | Country Profiles | In Depth |
Programmes