StarHub to gain from Global Crossing bid

StarHub to gain from Global Crossing bid

Summary: 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

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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

Topics: Telcos, Singapore, SingTel

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