Infinity Consortium Responds to IDA's Decision on Its Selection of the Network Company for the Next-Generation National Broadband Network (Next-Gen NBN) Bid

Singapore, 26 September 2008 - The Infinity Consortium today expressed disappointment that it has not been selected by IDA to be the Network Company (NetCo) of the Next-Gen NBN project.

Mr Terry Clontz, CEO of StarHub and Lead for the Infinity Consortium said, “We are disappointed that the Infinity Consortium was not selected for the NetCo project.  The Infinity Consortium proposed what we believe is a very good solution for Singapore’s long term success with the Next-Gen NBN.  Also, our proposal would have substantially diversified, for the first time, fixed infrastructure ownership. Nevertheless, we look forward to learning more about OpenNet's build-out plans and pricing structures.”