Singapore-based consortium StarHub has
successfully concluded its purchase agreement for complete ownership of CyberWay, one of Singapore’s three
Internet service providers.
“This acquisition of an IASP [Internet Access Service Provider] is in line
with our business plan to be a totally integrated info-communications
company,” said Graham Moore, chairman of StarHub’s senior management team.
“I wish to assure all CyberWay customers that we will be very focused on
the continued development and delivery of an innovative range of products
and services to them,” said Moore.
Before the sale, Singapore Press Holdings Multimedia (SPHM) owned 55
percent of CyberWay and Singapore
Technologies Telemedia (STT) owned the other 45 percent.
STT however has not given up an interest in CyberWay since it owns a share
of StarHub along with other consortium members, British Telecommunications (BT) and Nippon Telegraph and Telephone Corp. (NTT).
Since November, reports indicated that StarHub was considering a bid for an
ISP license so that it could develop Internet telephony services.
The consortium plans to offer global managed services through two
international networks, BT’s Concert and NTT’s Arcstar.