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Two of Singapore’s incumbent telcos, StarHub and M1 released a statement late Thursday afternoon saying that they plan to submit a joint bid for a 5G license by the closing date of 17 February 2020. This deadline had been extended by the Government from the original date of 21 January 2020.
Neither telco would reveal the makeup or terms of the bid or either parties contribution to it. Neither would they give any comments as to how they felt it would be received by the market and competitors.
Local financial institution DBS Research had said in 2019 that a joint bid for a 5G license would be of the best value for the telcos. It went on to say that, “StarHub’s share price may rise if it submits a joint bid with M1 for nationwide 5G”.
Singtel was unable to comment at the time of print regarding the StarHub and M1 announcement. Singtel is however already involved in 5G gaming trials together with Razer and the Infocomm Media Development Authority of Singapore.
SINGAPORE’S 5G LANDSCAPE
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