IDA uninstalls 3G program


Posted on October 7, 2010  /  0 Comments

Singapore’s government is globally respected for outstanding governance. It is, however, not immune to making mistakes like other governments of its stature. Last year its investment arm got amputation of 66% value (US$4.4 billion) due to bad investments. The Lion City had paused to revisit its strategy. Auctioning the 4th 3G license seemed an easy option to fork out some cash for the exchequer.  The industry had opposed it but the government remained unmoved. Finally the authorities have retracted its 3G auction plan and the three incumbent cellcos got administrative allocation of the 3G spectrum instead. It’s good to see that good judgment has prevailed in Singapore.

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