Singapore transport operator SMRT has announced that it will be working exclusively with OMG, in regards to OMG's bid for Singapore's fourth wireless telecommunications carrier licence.
OMG is a company incorporated by local tech firm Consistel on 20 October 2014. Consistel submitted an application form to the Infocomm Development Authority (IDA) last August, with the promise of cheaper phone bills with its OMG! brand of mobile services if it secures mobile airwaves and a telco licence.
According to the announcement, SMRT and OMG will collaborate on the provision of goods and services. OMG will also leverage SMRT's extensive media presence and commuter reach as part of the partnership.
SMRT also said that it may invest up to S$3.45 million in shares in OMG, subject to conditions. Conditions include OMG obtaining the telco licence, satisfactory due diligence on OMG, and execution of definitive agreements between the two companies.
Besides Consistel, local broadband operator MyRepublic is eyeing on the fourth telco licence too. However, IDA has yet to announce the winner.
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