MAY 5, 2008 -- The Infinity Consortium, comprising Hong Kong's City Telecom (CTI) and Singapore's M1 and StarHub, today announced that it has submitted a strong bid to build a fiber-to-the-home (FTTH) broadband network. The network would be capable of delivering ultra-high symmetric broadband speeds reaching up to 1 Gbit/sec and beyond.
The Infinity Consortium proposes to build a new open access network that allows it to leverage the latest technologies. The Consortium members say they have the capability and resources to build the new network and extensive experience in competing with entrenched incumbents.
The Infinity Consortium was formed between Hong Kong's City Telecom (CTI) and Singapore's M1 and StarHub to jointly bid for Singapore's Next Generation National Broadband Network's Network Company.
"CTI is honoured to partner with M1 and StarHub to form Infinity Consortium," contends Ricky Wong, chairman of CTI. "We will ensure smooth and reliable delivery of network solutions with advanced and proven technologies, embracing the aim to extend the enjoyment level of broadband connectivity to Singaporeans. Our joint expertise and determination to build this infocomm infrastructure with an open access capability will definitely complement Singapore's surging importance in the world," he says.
"The Infinity Consortium has a unique blend of solid track records in Singapore and Hong Kong and the essential qualities to commit to building a world-class and future-proof broadband network for Singapore," asserts Neil Montefiore, CEO of M1. "With the underpinning principle of true open access, which we fully support, this project will greatly contribute to the development of a highly competitive and vibrant infocomm industry in Singapore.
"We fully support the Government's NG-NBN initiative, and we are pleased to participate in the Infinity Consortium," adds Terry Clontz, CEO of StarHub. "In addition to the Infinity Consortium having the necessary competencies and a genuine commitment to the establishment of an open access regime, it also offers the industry the best and maybe the last opportunity for ownership diversification of critical multi-media broadband infrastructure in Singapore."
The Next Gen NBN is part of Singapore's Next Generation National Infocomm Infrastructure (Next Gen NII), formed to entrench Singapore's Infocomm hub status and open the doors to new business and social growth for the country. Next Gen NII comprises complementary wired and wireless networks to ensure Singaporeans enjoy seamless connectivity.
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