April 3, 2009 / 9:19 AM / 9 years ago

CORRECTED - CORRECTED-Starhub wins bid to operate Singapore broadband networ

(Corrects to make clear rival consortium led by Axia Netmedia)

SINGAPORE, April 3 (Reuters) - Singapore awarded StarHub (STAR.SI) the contract to develop and operate a nationwide broadband network that will provide homes and offices with Internet connections of up to 1 gigabyte per second.

Under the terms of the agreement announced on Friday, StarHub, Singapore’s number two telecom firm, will become the wholesale provider of broadband access to companies offering Internet access as well as other services such as videoconferencing and high-speed data transmission.

The other contenders for the contract were Singapore Telecommunications (STEL.SI), MobileOne (MONE.SI) and a consortium led by Axia Netmedia AXX.TO and including Cisco Systems (CSCO.O).

In September last year, Singapore gave the contract to develop the “passive infrastructure” for its nationwide broadband network to a consortium led by Canada’s Axia Netmedia. (Reporting by Harry Suhartono and Kevin Lim; Editing by Anshuman Daga)

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