LATEST news has it that today, Hong Kong's City Telecom (CTI) and Singapore's M1 and StarHub today signed a Memorandum of Understanding (MoU) to jointly form a consortium to design, build and operate the passive infrastructure network capable of delivering ultra high broadband speeds for Singapore. This means that they will form a strong alliance together to bid for the Singapore Infocomm's jewel - the Next Gen NBN. Chances are great!
Quoted from StarHub's press release:
"CTI’s pioneering innovation and technology have firmly established its success in the region. Currently, CTI, through its wholly owned subsidiary, HKBN’s end-to-end network in Hong Kong, supports the widest range of symmetric broadband services from 25Mbps up to 1Gbps, and has launched Hong Kong’s first Fibre-to-the-Home residential broadband services. Participation in this project is important to enhance telecommunications development across the region. That demonstrates our commitment in this project," said Ricky Wong, Chairman of CTI.
"We welcome StarHub to join us in this project, as their experience and diversity complement the strengths of CTI and M1. We are confident that this will create sparkling synergy for the consortium," Mr. Wong added.
"The proven expertise and experience that the partners bring to the consortium, backed by their knowledge of the local operating environment and conditions, will ensure a strong and resilient bid. We are committed to the building of a network infrastructure for the future, one that will enable Singaporeans to enjoy high-speed and cutting edge broadband technology in the years to come," said Neil Montefiore, CEO of M1.
"This consortium brings to the table a unique set of talented corporate shareholders who have both the vast experience in building ultra-high speed broadband networks as well as the local expertise in managing complex telecoms operations in Singapore. Together, we have the capacity to build and deliver the key elements of an Open Access network for a robust infocommunications service industry, as well as create a resilient platform that can cater to a continuing stream of new broadband technologies for the foreseeable future," said Terry Clontz, CEO of StarHub.
May the force be with the alliance!