SingTel joins consortium to bid for NGN project

Singapore Telecommunications (SingTel) has reportedly joined a consortium with a number of other companies to jointly bid for a contract to build an ultra high speed FTTH-based network in Singapore. PR Newswire says the companies involved in the bid, and their equity stakes in the venture, are: Axia NetMedia Corporation (Axia NetMedia, 30%), SingTel (30%), Singapore Press Holdings Limited (SPH, 25%) and SP Telecommunications (SPT, 15%). The Axia-led consortium, dubbed OpenNet, submitted a bid in response to the Request for Proposal for the Next Generation National Broadband Network – Network Company (NetCo) by the regulator, the Infocomm Development Authority of Singapore (IDA).