Singapore invites companies to begin preparing bids for telecoms licenses

Article Abstract:

Singapore has finally bowed to international pressure to open up its telecommunications industry by deregulating it and inviting foreign companies to participate in joint ventures. The latter will be allowed up to 49% equity participation. The deregulation decision will break up the monopoly of Singapore Telecommunications, although it will be permitted to relinquish its control gradually, that is, within a three-and-a-half-year period.

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Singapore sets the terms for telecom-license auction

Article Abstract:

A number of telecommunications firms are expected to take part in a bidding that will allow two new competitors in Singapore's telecommunications industry. Singapore, however, wants to attract only the strong companies who can further improve the island's telecommunications infrastructure. The bidding companies will be given a full package of tender specifications on March 1, 1997 prior to the final bidding on January 31, 1998.

Economic policy, Singapore Telecom, Market share

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