StarHub cuts capex for 3G rollout

Fixed line and mobile operator StarHub has revealed that it will be borrowing USD600 million to fund the forthcoming rollout of its 3G network, instead of the original sum of USD1 billion. The cellco said that the cut in capex is due to the fact that it has decided to gain the funds from a bank credit rather than a bond exercise, due to financial problems stemming from its merger with cable TV provider Singapore Cable Vision (SCV) last year.