News: TPM TPG Telecom acquires all of spectrum available at auction in Singapore for S$105mln

Dec 15 (Reuters) - Tpg Telecom Ltd (TPM)

• 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