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SingTel receives 2 final bids for Optus Satellite - report

2013-08-12 04:14:00| Telecompaper Headlines

(Telecompaper) Singapore Telecommunications (SingTel) has received two final offers for Optus Satellite, its Australian satellite business. Intelsat is one of the bidders and the other offer was lodged by a consortium that includes Blackstone Group, TPG Capital, and Measat Global, Reuters reports citing sources close to the matter. Both offers were below AUD 2 billion, the reserve price, and the SingTel board will shortly decide whether to ask bidders to improve their bids or whether to divest the division through an IPO.

Tags: report final satellite bids

M1, SingTel, StarHub secure 4G spectrum

2013-07-01 02:08:00| Telecompaper Headlines

(Telecompaper) The Infocomm Development Authority of Singapore (IDA) has allocated 4G spectrum to three bidders. A total of 270 MHz of spectrum in the 1800 MHz and 2.5 GHz spectrum bands was made available for allocation in the 4G auction and three bidders submitted initial offers for spectrum at the reserve prices set by IDA. As the total amount of spectrum demanded in the initial offers did not exceed the amount of spectrum available in either spectrum band, the regulator has provisionally allocated spectrum to each bidder at the reserve price. M1 obtained 80 MHz of spectrum at a total price of SGD 104 million (40 MHz in the 1800 MHz band and 40 MHz in the 2.5 GHz band. SingTel was allocated 100 MHz of spectrum at a total price of SGD 136 million (60 MHz in the 1800 MHz band and 40 MHz in the 2.5 GHz band), and StarHub obtained 90 MHz of spectrum at a total price of SGD 120 million (50 MHz in the 1800 MHz band and 40 MHz in the 2.5 GHz band). The next stage of the 4G auction, the Assignment Stage, will determine the placement of the spectrum lots acquired by bidders.

Tags: secure spectrum singtel starhub

Myanmar Phone Contest Pits Soros Against SingTel

2013-06-27 18:16:08| Telecom - Topix.net

Myanmar's contest for two telecommunications licenses attracted bidders from around the globe seeking a foothold in one of the last remaining untapped markets, where only one in 10 people has a mobile phone.

Tags: phone contest myanmar pits