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OpenNet, a consortium led by Singapore Telecommunications (SingTel), has won a bid to build Singapore's ultra high speed broadband network.

October 15, 2008
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OpenNet, a consortium led by Singapore Telecommunications (SingTel), has won a bid to build Singapore's ultra high speed broadband network. Apart from SingTel (30 per cent stake), the consortium comprises Canada's AXIA NetMedia (30 per cent), Southeast Asia's newspaper publisher Singapore Press Holdings (25 per cent), and Singapore Power's telecom unit (15 per cent).

SingTel is likely to invest about S$2 billion to design, build and maintain the network infrastructure, while the Singaporean government will support its rollout with a grant of S$750 million.

The network, called the Next Generation National Broadband Network, will allow users to surf the web at a speed of at least 1 Gbps –­ ten times faster than that available now –­ when it is fully completed by 2015. According to the terms of the proposal, OpenNet has committed to complete its fibre network rollout to 60 per cent of households and buildings by 2010 and extend coverage to 95 per cent by 2012.

 
 
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