Indeed.
And TPG already 60MHz of spectrum in Singapore since Dec 16 at the cost of $100M, This was in 900Mhz and 2300Mhz.
The question is speculation about why they would pay a further $23M for 10Mhz in a different band, 2500Mhz.
I was just pointing out that they also have 2500Mhz license in Australia. A simple coincidence? Maybe.
Also, I challenge the idea that this was cheap. It was 50% more expensive per MHz than the other Singapore spectrum.And much more expensive that the Australia 2500MHz spectrum from 2013. 20MHz of which was bough for $13M.
TPM Price at posting:
$6.73 Sentiment: Buy Disclosure: Held
