Singapore 5G Plan Leaves Time to Make Money, Minister Says
- Carriers can ‘attain significant returns,’ Iswaran says
- 5G networks planned to cover half of Singapore by end of 2022
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Singapore’s communications minister said mobile phone carriers awarded 15-year licenses to operate 5G networks offering fast data transmission will have enough time to recoup their investment and make money.
The tenure of the licenses announced Wednesday allow the telcos to “take a long view to recoup not just the investment, but actually attain significant returns on it,” Minister for Communications and Information S. Iswaran said in an interview with Bloomberg Television’s Haslinda Amin on Thursday.