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Singapore says two firms qualify to bid in auction for new telco

Published 16/11/2016, 09:04 pm
© Reuters.  Singapore says two firms qualify to bid in auction for new telco
STAR
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STEL
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TPG
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MONE
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SINGAPORE, Nov 16 Reuters) - Singapore said on Wednesday a unit of Australia's TPG Telecom TPM.AX and MyRepublic Ltd have qualified to participate in an upcoming airwaves auction that could bring in a fourth telecoms operator in the city-state.

Singapore's Infocomm Media Development Authority also said newly formed company airYotta Pte Ltd did not qualify for the auction.

Three firms had submitted expressions of interest - TPG Telecom Pte Ltd, airYotta Pte Ltd and fibre broadband services provider MyRepublic.

Singapore currently has three telecommunications network operators - Singapore Telecommunications Ltd STEL.SI , M1 Ltd MONE.SI and StarHub Ltd STAR.SI - and the government has been seeking to increase competition.

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