OpenNet has been selected to provide passive fibre grid services for Singapore's Next Generation National Broadband Network (NGNBN) and will be expected to complete by June 2012.
The OpenNet consortium expects to spend around S$2 billion over the 25-year license period for access to infrastructure.
The OpenNet consortium is composed of Singapore Telecommunications Limited (30%), Axia NetMedia Corporation (30%), Singapore Press Holdings Limited (25%) and SP Telecommunications Pte Ltd (15%).
Construction of the infrastructure will utilize existing underground ducts from SingTel.
The NGNBN paves the way for an advanced broadband infrastructure, which will boost Singapore's competitiveness and attractiveness as a global business and infocomm hub.
Singapore will experience faster and better broadband access than ever before to harness the full power of the internet.
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