Singapore Telecommunications (SingTel) has tied up with Singapore Press Holdings (SPH), SP Telecom and Canada’s Axia NetMedia to bid for the right to build a new broadband network infra structure across Singapore.

Singapore Telecommunications (SingTel) has tied up with Singapore Press Holdings (SPH), SP Telecom and Canada’s Axia NetMedia to bid for the right to build a new broadband network infrastructure across Singapore. SingTel and Axia will have 30 per cent stake each in the consortium, called OpenNet, while SPH will have 25 per cent and SP Telecom 15 per cent. The network is expected to provide its home users download speeds of above 1 Gbps.

OpenNet intends to complete the network by December 2012, about two and a half years ahead of the government’s target.