Singtel well-positioned to participate in RFP for Next Generation NBN
Singapore, 11 December 2007 -- Singapore Telecommunications Limited (Singtel) today announced that it would be assessing the details of the Request For Proposal (RFP) for the Next Generation National Broadband Network (NGNBN) which was launched by the IDA today.
The NGNBN will offer pervasive and competitively priced ultra high-speed broadband connectivity to business users at the workplace as well as to Singaporeans at home, schools and learning institutions and other premises.
In March 2007, Singtel was pre-qualified to participate in the Pre-Qualification Exercise and Competitive Dialogue issued by the IDA on 15 December 2006.
“We understand that under the terms of the RFP, the government will help fund the building of a new network which will be separate from existing fixed networks in Singapore,” said Mr Allen Lew, CEO Singapore. He added, “We will examine different ways of working with the government to help achieve its vision while ensuring a commercial return for Singtel’s shareholders.”
“Singtel will assess the terms of the RFP in detail. As Singapore’s leading telco, we are well-positioned to assist in the implementation of the government’s master plan. We believe that our track record in rolling-out networks with minimal disruption and successful high speed Fibre-To-The-Home (FTTH) trials will enable us to implement the new network in the most cost-effective and expeditious manner,” added Mr Lew.