Singapore will host its first ever 4G coverage sale. You might be asking yourself what that means exactly. Well, it's the sale of areas that produce 4G signals. These areas are going to be sold at a starting price of $294 million USD. While they're not cheap, they will produce as much, if not more than, the cost of the investment.
Singapore is set to have its first 4G spectrum auction in mid-2013, where 27 blocks of airwaves in the 1800 MHz and 2.5 GHz band, will be put up for bidding at a total reserve price of S$360 million (US$294 million).
In a statement Wednesday, the Infocomm Development Authority of Singapore said increasing the spectrum available for 4G would allow telcos to provide more innovative services due to faster data transfer rates than existing 3G neworks.
"While commercial Long Term Evolution (LTE) services are already available, its use is still at a nascent stage.
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