The government had already delayed the proposed auction from February to April amidst concerns from mobile operators that the targeted price may well force operators to pullout of the bidding.
We recognize that the international telecom environment has changed, the market sentiment has weakened and there’s greater uncertainty,” Yeo Cheow Tong, Singapore’s Minister of Communications and Information Technology, said in Parliament. If we are able to lower upfront charges, it will help lower the risk element for operators.”
The rollout of high speed mobile services in Singapore will also be delayed date by a year to December 31.
