2 companies left in race to be 4th telco

Singapore will get a fourth telco next year and the race to be the new entrant will be a two-horse affair after one contestant was disqualified by the authorities.

Local fibre broadband operator MyRepublic and Australian telco TPG Telecom will get to participate in the 4G mobile airwave auction slated to be completed by next month, the Infocomm Media Development Authority (Imda) said yesterday.

The winner of the auction will become Singapore's fourth mobile operator, in the first time in 15 years that new companies have expressed an interest to break the triopoly of Singtel, StarHub and M1.

Three-month-old local start-up airYotta, which surprisingly signed up for the auction in September, has been disqualified, reported The Straits Times Online.

IMDA said in a statement that airYotta did not fully meet its auction requirements, but did not elaborate on the specific reasons for disqualifying the company.