IDA Receives Initial Offers For 3G Spectrum Rights Auction

Singapore, 9 April 2001 | For Immediate Release

The Infocomm Development Authority of Singapore (IDA) has today received a total of three Initial Offers and accompanying Bank Guarantees, submitted from three of the four parties qualified by IDA as eligible bidders to participate in Singapore's 3G Spectrum Rights auction. The Initial Offers confirm the bidders' commitment to participate in the auction, including the specific 3G spectrum slot each bidder is interested to obtain.

The parties who submitted Initial Offers to IDA are:

• MobileOne (Asia) Pte Ltd;
• Singapore Telecom Mobile Pte Ltd; and
• StarHub Mobile Pte Ltd.

IDA will review the submitted Initial Offers and Bank Guarantees for compliance with the requirements set out in IDA's Auction Rules. IDA intends to announce by 11 April 2001 whether the 3G Spectrum Rights auction will take place.

More information on the 3G Spectrum Rights auction.

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ISSUED BY CORPORATE COMMUNICATION DEPARTMENT
INFOCOMM DEVELOPMENT AUTHORITY OF SINGAPORE

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For media clarification, please contact:

Dulcie Chan
Senior Manager, Corporate Communication
Infocomm Development Authority of Singapore
Tel: +65 6211 1999
Fax: +65 6211 2227
Email: dulcie_chan@ida.gov.sg

Jennifer Toh
Manager, Corporate Communication
Infocomm Development Authority of Singapore
Tel: +65 6211-0508
Fax: +65 6211-2227
Email: jennifer_toh@ida.gov.sg