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Wireless

TPG to invest up to SGD 300 mln in Singapore network

Friday 16 December 2016 | 08:58 CET | News
TPG was the winning bidder of the recent New Entrant Spectrum Auction in Singapore. TPG acquired all of the spectrum available at the auction (being 2 lots of 2x5MHz of 900MHz spectrum and 8 lots of 5MHz of 2.3GHz spectrum) for a total purchase price of SGD 105 million, payable within 20 business days. In addition to the cost of the spectrum, TPG expects to invest SGD 200 million to SGD 300 million to establish its mobile network with nationwide coverage by September 2018.

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Categories: Mobile & Wireless
Companies: TPG
Countries: Singapore
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