Singapore’s national telecoms regulator the Infocomm Development Authority of Singapore (IDA) has revealed plans to auction three 3G spectrum lots on 15 November 2010. In July this year the regulator first announced the auction plan following a government decision to sell off the frequencies. At the time the state said it hoped the move would result in a newcomer entering the market by the end of the year, but incumbent cellcos SingTel Mobile, MobileOne Asia (M1) and StarHub greeted the decision coolly. The IDA will auction spectrum in the 1900MHz/2100MHz frequency band with a reserve price of SGD20 million (USD14.9 million). Each lot will be valid for roughly eleven years and expire at the same time as the existing 3G spectrum lots, on 31 December 2021. Applicants wishing to secure the spectrum must submit initial offers and bank guarantees by 4 October, with the auction proper starting on 15 November.