News Releases

Announcement

 

The cost of World Cup has escalated substantially. 

 
Recently, Singtel and StarHub put in a joint offer that would provide FIFA with an increase in value from four years ago for the rights to the 2010 FIFA World Cup, while ensuring that it would remain affordable to the broadest number of our customers.

In an attempt to reach a value that is acceptable to FIFA to bring World Cup to Singapore, the price offered to FIFA would sacrifice all World Cup margins for both Singtel and StarHub while keeping the price affordable for consumers.  However,
we have yet to reach an agreement with FIFA.  

Due to FIFA's confidentiality provisions, we are unable to disclose any other details.  We will continue to negotiate with FIFA in an attempt to reach an agreement.
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About Singtel
Singtel is Asia's leading communications group with operations and investments around the world. Serving both the corporate and consumer markets, it is committed to bringing the best global communications solutions to customers in the Asia Pacific and beyond. 
 
With significant operations in Singapore and Australia (through wholly-owned subsidiary Singtel Optus), the Group provides a comprehensive portfolio of services that includes voice and data solutions over fixed, wireless and Internet platforms, as well as infocomm technology and pay TV.
 
To serve the needs of multi-national corporations, Singtel has a network of 37 offices in 20 countries and territories throughout Asia Pacific,Europe and the United States. These offices enable Singtel to deliver reliable and quality network solutions to its customers, either on its own or jointly with local partners.
 
The Group also has major investments in Bangladesh, India, Indonesia, Pakistan, the Philippines and Thailand. Together with its regional partners, Singtel is Asia’s largest multi-market mobile operator, serving more than 273 million customers in eight markets.
 
Singtel employs more than 23,000 people worldwide and had a turnover of S$14.93 billion (US$10.37 billion) and net profit after tax of S$3.45 billion (US$2.40 billion) for the year ended 31 March 2009. More information can be found @ www.singtel.com and www.optus.com.au
 
 
About StarHub
 
StarHub is Singapore's fully-integrated info-communication company, offering a full range of information, communications and entertainment services for both consumer and corporate markets. StarHub operates Singapore's fastest two-way HSPA+ mobile network that delivers up to 21Mbps for downlink to complement its nation-wide GSM network, and an island-wide HFC network that delivers multi-channel cable TV services (including High Definition Television and on-demand services) as well as ultra-high speed residential broadband services. StarHub also operates an extensive fixed business network that provides a wide range of data, voice and wholesale services.
 
Launched in 2000, StarHub has become one of Singapore's most innovative info-communications providers, and the pioneer in 'hubbing' - the ability to deliver unique integrated and converged services to all its customers. StarHub, listed on the main board of the Singapore Exchange since October 2004, is a component stock of the Straits Times Index and the MCSI Singapore Free Index.