Singapore, 18 April 2000 -- StarHub, Singapore’s new info-communications player, is pleased to announce its ownership and participation in building a high capacity fibre-optic submarine cable network in the Asia-Pacific region. StarHub, together with 45 telecommunications players, signed a formal Construction and Maintenance Agreement today to build the Asia Pacific Cable Network 2 (APCN 2) at a cost of about US$1 billion.
Other major owners and operators of this submarine cable system comprise Advantel, Cable & Wireless Global Network, Cable & Wireless HKTI, China Telecom, China Unicom, Chunghwa Telecom, Concert Global Network Services Ltd, Global One, Japan Telecom, KDD Corporation, Korea Telecom, KPN, Layer 2, MCI WorldCom, MFN, NCIC, NTT Com, OneLink Cable Network, PLDT, SingTel, Taiwan Fixed Network, Teleglobe, Telekom Malaysia, Telstra and Williams Communications.
StarHub’s participation in the APCN2 consortium is aimed at meeting a growing need for international bandwidth due to rise in Internet, high-speed data and multimedia service demands in both Singapore and the region. According to Mr Terry Clontz, President and CEO of StarHub, "As one of the key parties in the APCN2 consortium, StarHub is well positioned to provide our MNC and corporate customers with state-of-the-art global end-to-end network services to support their mission-critical info-communications services needs."
He viewed that the Agreement would also result in enhancing new working partnerships in Asia and beyond.
"With the market opening up, StarHub foresees strong and aggressive competition in the industry. We welcome such competition. These will not only spur us to strive harder, but also encourage us to explore new and larger opportunities in the corporate and wholesale markets. StarHub understands the value of partnerships to deliver what our customers expect and want," added Mr Clontz.