Carriers Form Singapore Network

HONG KONG and SINGAPORE -- 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. The consortium will jointly submit a bid that will meet all the criteria for the Infocomm Development Authority of Singapore s Request-for-Proposal (RFP) for the Network Company (NetCo). 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. 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,§ said Ricky Wong, Chairman of CTI.

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. The Next Gen NBN is part of Singapore s Next Generation National Infocomm Infrastructure (Next Gen NII), formed to entrench Singapore s Infocomm hub status and open the doors to new business and social growth for the country. Next Gen NII comprises complementary wired and wireless networks to ensure Singaporeans enjoy seamless connectivity. For full press release, please refer to http://www.ctigroup.com.hk/en/

City Telecom (HK) Ltd.