More major milestones have been passed in Singapore's journey towards the landmark next generation national broadband network (Next Gen NBN).
The Lion City's Infocomm Development Authority (IDA) yesterday signed the Next Gen NBN operating company contract with Nucleus Connect, which will be working with OpenNet, on a joint roll out plan.
The IDA has also announced the successful achievement of the contractual and financial close by OpenNet, the Next Gen NBN network company. OpenNet has been issued a facilities-based operator licence for it to commence the roll out.
The Next Gen NBN goal is to achieve 60 per cent coverage of all Singapore's residential premises and non-residential buildings by the end of 2010, and 95 per cent of all residential premises and non-residential buildings by 2012.
The IDA said it has also approved OpenNet's implementation plan for the asset company which will own and control the relevant underlying passive infrastructure assets that would be used to support OpenNet's deployment.
"These underlying assets, which include central offices, ducts and manholes, will be transferred from SingTel to AssetCo," said the IDA announcement. "By leveraging existing underlying assets, OpenNet will be able to achieve a speedy deployment with minimal disruption when civil works begin later this year."
Nucleus Connect CEO David Storrie said they were delighted to have reached yet another milestone on the road to a fully-operational Next-Gen NBN.
"Over the next year, we will be rapidly executing our operational plans to launch Nucleus Connect," Storrie said. "In particular, we are currently looking to increase our staff strength to about 200 in the next two years, as we begin the process of attracting new retail service providers to the Next-Gen NBN and rolling out our network infrastructure islandwide, in close collaboration with OpenNet.
"We are truly excited to be part of the next phase in Singapore's development as a major broadband hub, and of the many opportunities the Next-Gen NBN will undoubtedly give us in the long term."