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CGS-CIMB keeps telco sector 'overweight' as it taps on 3G spectrum to support 5G rollout

Samantha Chiew
Samantha Chiew7/28/2021 11:55 AM GMT+08  • 4 min read
CGS-CIMB keeps telco sector 'overweight' as it taps on 3G spectrum to support 5G rollout
CGS-CIMB keeps telco sector ‘overweight’ as it taps on 3G spectrum to support 5G rollout
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The Infocomm Media Development Authority (IMDA) on July 26 announced that it is seeking views from the public and industry on the potential use and allocation of the 2.1 GHz spectrum band for 5G. The 2.1 GHz spectrum currently used for 3G devices will be expiring at the end of this year and IMDA intends to use this spectrum to support the nationwide deployment of 5G Standalone (SA) networks, while allowing flexibility for 3G services to continue.

“As Singapore continues to forge ahead with our nationwide 5G rollout, the availability of the 2.1 GHz spectrum will help provide opportunities for growth for all Mobile Network Operators. The new spectrum can be used to complement existing 5G networks deployed, using the first tranche of 5G Call For Proposal (CFP) spectrum, to enhance coverage and capacity, as well as the potential for deployment of an additional nationwide 5G SA network,” says IMDA.

With that, IMDA intends to launch an auction to all existing MNOs to allocate the new spectrum. The auction is slated to take place some time at the end of this year.

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