International Finance

Singtel, StarHub-M1 joint venture win 5G licence bid in Singapore

Singtel Singapore
100Mhz of the 3.5Ghz radio frequency spectrum will be allocated to Singtel and StarHub-M1 joint venture respectively to deploy 5G networks nationwide

Singtel and StarHub-M1 joint venture have won licence to operate 5G networks across Singapore, according to Infocomm Media Development Authority (IMDA). It is reported that the firms will have to provide 5G network for at least half of Singapore by the end of 2022.

This marks Singapore’s first move in 5G network licencing. Previously, Singapore’s telecom authority had received three bids. Singtel and TPG Telecom submitted their respective proposals, while StarHub and M1 joined forces to submit the proposal, media reports said.

According to IMDA, 100Mhz of the 3.5Ghz radio frequency spectrum will be allocated to Singtel and a joint venture by StarHub and M1 respectively to deploy 5G networks nationwide. “With this, M1, StarHub, Singtel, TPG Telecom, and mobile virtual network operators would be able to offer retail 5G services to end-users,” a statement said.

The factors taken into account while evaluating the proposals were network design, network rollout, price offered for 3.5Ghz band, and financial capabilities. In fact, it is reported that the proposals received had met and somewhat exceeded the requirements.

IMDA Chief Executive Tan Kiat How told the media, “The winners were selected based on a comprehensive assessment of how their proposals would deliver the best outcomes for businesses and consumers in Singapore. Beyond a connectivity infrastructure, we believe that 5G networks will spur innovation, create exciting business and job opportunities, and position Singapore as a leading digital economy.”

Once the processes are completed, the two winners will receive their 5G network licences for deployment, media reports said.

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