StarHub to gain from Global Crossing bid

SINGAPORE--StarHub has been playing second-fiddle in the Singapore telecommunications scene but the gap could potentially be narrowed if a planned bid for Global Crossing succeeds. Singapore Technologies Telemedia, StarHub's majority shareholder, together with Hong Kong's Hutchison Whampoa, announced a US$750 million rescue bid for the ailing submarine cable network owner. ST Telemedia believes that Global Crossing's assets, worth more than US$22.4 billion, will bring tremendous benefits to the company and its subsidiaries, especially StarHub. For the full story on CNet Asia go to http://asia.cnet.com/newstech/communications/0,39001141,39027321,00.htm --Irene Tham, Special to ZDNet News

SINGAPORE--StarHub has been playing second-fiddle in the Singapore telecommunications scene but the gap could potentially be narrowed if a planned bid for Global Crossing succeeds.

Singapore Technologies Telemedia, StarHub's majority shareholder, together with Hong Kong's Hutchison Whampoa, announced a US$750 million rescue bid for the ailing submarine cable network owner.

ST Telemedia believes that Global Crossing's assets, worth more than US$22.4 billion, will bring tremendous benefits to the company and its subsidiaries, especially StarHub. For the full story on CNet Asia go to http://asia.cnet.com/newstech/communications/0,39001141,39027321,00.htm --Irene Tham, Special to ZDNet News

Newsletters

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.
See All