Singapore, July 30: Singapore Telecommunications Ltd said on Wednesday it had awarded a S$220 million contract for its high-speed third generation (3G) mobile network to Sweden's Ericsson. SingTel said in a statement the decision was reached after evaluating proposals submitted by five vendors as early as December 2000.
The city-state's telecom watchdog, the Infocomm Development Authority of Singapore (IDA), requires Singapore's three mobile operators to roll out nationwide 3G services by the end of 2004.

Third generation (3G) mobile technology allows high-speed transmission of data and video conferencing over the mobile phone. SingTel, whose operations outside Singapore generate more than two-thirds of its revenue and half of its pre-tax earnings, has been searching for new revenue streams to expand in an otherwise mature and saturated domestic market.
SingTel shares were unchanged at S$1.63 on Wednesday morning. Bureau Report