[straits times] NEARLY 30 per cent of Singapore's homes and offices have been hooked up with the fibre-optic cables for the upcoming nationwide high-speed broadband network.
OpenNet, the company laying these cables, also announced on Tuesday that it will begin operations from Wednesday, selling broadband bandwidth on a wholesale basis to Nucleus Connect, which will retail it to companies like Internet Service Providers, online game companies or a Internet TV broadcaster.
OpenNet was awarded a Government tender in September 2008 to build the $4 billion fibre-optic backbone, which will allow users to enjoy broadband speeds ten times faster than possible today when it's completed.
The firm, a joint-venture between SingTel, Singapore Press Holdings, Singapore Power Telecommunications and Canada's Axia NetMedia, is expected to finish wiring up the nation by 2012.
30% hooked up to OpenNet