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BRIEF-TPG Telecom acquires all of spectrum available at auction in Singapore for S$105mln
December 14, 2016 / 9:55 PM / 9 months ago

BRIEF-TPG Telecom acquires all of spectrum available at auction in Singapore for S$105mln

Dec 15 (Reuters) - Tpg Telecom Ltd

* Advise that it was successful bidder at new entrant spectrum auction in Singapore

* TPG anticipates incurring capital investment in range of S$200m to S$300m to establish a mobile network with nationwide coverage by Sept 2018

* Forecasts that it will become EBITDA positive when it reaches a market share of between 5% and 6%

* TPG acquired all of spectrum available at auction for a total purchase price of S$105m

* Company expects to start delivering services to customers in 2018 Source text for Eikon: Further company coverage:

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