Singapore to issue four 3G licenses in auction

Singapore''s government will auction four 3G licenses to mobile phone companies, enough to enable the island-state''s three incumbent operators and one newcomer to bid.

The Singapore Government announced it will auction four third-generation 3G licenses to mobile phone operators. That gives the city-state's three existing operators - Singapore Telecommunications, MobileOne Asia, and StarHub Mobile   the opportunity to bid, along with one newcomer. The minimum price for the licenses will be S$150 million.

Global operators such as Deutsche Telekom and France Telecom as well as Hong Kong-based Hutchison Whampoa could be interested in bidding for a Singapore license, analysts say, but it's unlikely they will push the price up to anything like the heights reached in Europe, where bidders shelled out a combined $78 billion for licenses in the UK and Germany. That's...

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