Australia TPG Telecom's unit wins bid to become new Singapore telco

SINGAPORE – Singapore’s telecommunications regulator said a unit of Australia’s TPG Telecom made the winning bid of $105 million in an airwaves auction that would make it the city-state’s fourth telecoms operator.

TPG’s unit will be provisionally allocated 60 MHz of spectrum made available in the new entrant spectrum auction, the Info-communications Media Development Authority (IMDA) said in a statement.

Singapore currently has three telecommunications network operators – Singapore Telecommunications Ltd, M1 Ltd and StarHub Ltd – and the government has been seeking to increase competition.

The city-state will hold a second phase of the airwaves auction open to the existing players and TPG’s unit in the first quarter of 2017, the IMDA said.