Tender bids for Singapore's second fixed-line licence and third mobile phone licence closed on December 31 1997.
Tenders for the fixed-line licence were submitted by:
- TelcomOne (T1), a consortium of Cable & Wireless, Hongkong Telecom, Keppel Group and Singapore Press Holdings (the same team which launched MobileOne (M1), Singapore's second cellular phone network, in April 1997);
- Directline, a consortium of Sembawang Corp, Singapore Mass Rapid Transit Corporation and WorldCom; and
- StarHub, a consortium of Singapore Power, Singapore Technologies Telemedia, British Telecom and Japan's Nippon Telegraph and Telephone Corp.
Tenders for the third mobile phone licence were put in by StarHub and P2P Communications, a consortium whose members include listed companies NatSteel and Teledata and US-based GTE Corp.
Singapore Telecoms has said it will issue up to two licences in each category depending on the attractiveness and quality of the proposals received. Tender results are expected to be released in the middle of 1998.
Successful bidders for the fixed-line telephone licence will break Singapore Telecom's monopoly. Commercial operations for both categories will begin on April 1 2000.
© 2021 Euromoney Institutional Investor PLC. For help please see our FAQs.