SINGAPORE, 21 AUGUST 2008 -- Singapore-based telco, StarHub, has taken over the reins from City Telecom (Hong Kong) Limited (CTI) in the Infinity Consortium, following CTI's exit from the association.
The Infinity Consortium now comprises the Qatar Investment Authority (QIA), Singapore's M1 and StarHub to jointly bid for Singapore's next generation National Broadband Network's (NBN) network company. Plans include efforts to build a state-of-the-art fibre-to-the-home broadband network in Singapore.
New consortium member
Joining the consortium recently as a long-term strategic partner, QIA is the investment arm of the State of Qatar. The authority seeks to invest Qatar's surplus financial resources in regional and international markets, blue chip companies and projects.
According to StarHub, QIA will provide the Infinity Consortium with substantial financial support and expertise in business operations. It will also oversee management of the next generation NBN rollout.
Terms of shareholdership for the Infinity Consortium, and bid details of the next generation NBN, remain confidential.
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