More competition with four 5G networks but investment risk should be 'contained': Fitch Ratings

The ratings agency also said 5G spectrum allocation by IMDA is sufficient for the next three years. This is until more spectrum bands like the 2.1GHz and 4.5GHz become available for 5G use.

Singapore’s S$55 million base price for 100MHz of the 3.5GHz frequency translates to US$0.07 per MHz per capita. This is below Hong Kong’s latest 5G spectrum auction which stood at US$0.09. Currently, the 3.5Hz band is being used for satellite communications in Singapore and neighbouring countries – and will only be freed up in 2021. IMDA is planning to reach 50 per cent 5G nationwide coverage by 2023, and full coverage by 2025.

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