Consistel plans to bid for Singapore mobile license

17 Mar 2016
Daily News

Competition for Singapore's fourth mobile license is heating up, with Consistel announcing plans to enter the fray while MyRepublic appoints financial consultants to raise the funds for its own bid.

Consistel has announced plans to submit its own bid to become Singapore's fourth operator, Singapore's Business Timesreported.

The company has appointed an investment banker to help it raise more than S$1 billion to pay for its bid and a subsequent network rollout,

Consistel believes it would cost just over S$1 billion to pay for the infrastructure required to deliver a network equal or superior in quality to existing networks.

ISP MyRepublic has emeanwhile engaged Goldman Sachs and DBS to help raise S$250 million ($182.9 million) to support its bid in advance of an expected spectrum auction in the third quarter.

Earlier this month the operator announced plans to charge as little as S$8 for a mobile plan with 2GB of mobile data, with value added services charged at or below market rates.

Shortly after, established operators all effectively cut the rates they are charging for mobile data by introducing optional additional data packs that can be added to mobile plans.

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