September 13, 2010 – Massive numbers of inquiries about the use of fiber-optic technology for broadband Internet connection have been recorded after Singapore’s telecommunications giants have launched new broadband plans that offer faster online connectivity to their customers than most high-end cable plans in the market today.
In an interview, OpenNet corporate development director Alan Young said that “high-end cable Internet may be a thing of the past” as more and more customers are opting to shift to the new fiber-optic broadband technology which is 10 times faster than the latter.
“In the past several days, we have received a record number of inquiries from clients opting to have fiber-optic Internet connection,” Young said, noting that OpenNet’s call centers in Singapore have recorded three times the volume of average calls in the first two days after the launch.
“Also, our websites recorded 10 times the number of average hits since the launching,” he added.
Last week, M1 and StarHub launched the new fiber-optic broadband package in selected areas of the city-state, followed by Singapore Telecommunications and new comer SuperInternet.
“This is very surprising. It is the exact contrast of what happened when the telecommunications companies have started wiring up Singapore with the fiber-optic connections in August 2009,” Young said.
He added that since mid-2009, OpenNet was able to wire at least 60 percent of local households and is set to go full-operations by 2012.
Moreover, Rikvin who offers Singapore entrepass for future entrepreneurs, believes that more advanced communication technology can have a significant impact on the economy as it attracts more foreign businessmen and investors.
Meanwhile, Young said that of the total households wired by OpenNet, 50 percent have accepted the company’s new broadband offer with the numbers expected to climb up in the coming months.
OpenNet is a joint venture between Canada’s Axia Netmedia, Singapore Press Holdings, SingTel, and SP Telecom.
With a $750 million subsidy from the Singapore government, OpenNet was able to install connection for most of the homes without a cost to residents who opted to pullout after the trial period.
“The response toward the new broadband plans is very encouraging, especially with many of the first-time users wanting to have more package included with their fiber-optic plans,” Young said.
Fiber-optic Internet connection works at faster speed using light-transmitting optical fibers made of glass while existing cable and asymmetric digital subscribers’ line (ADSL) technology rely on copper wiring to transmit signals.
Meanwhile, business solutions provider Rikvin believes that advancement in communication technology, particularly in the Internet will have a significant impact on how companies interact with their target-market and how consumers make informed choices based on what they see on the Internet.
Rikvin is an ACRA-accredited company that provides business registration and consultation services to local and foreign entrepreneurs and investors who want to form a Singapore company.
For more information visit:
Rikvin PTE LTD
address: 120 Telok Ayer Street Singapore 068589
phone: +6564388887
email: [email protected]
website: http://www.rikvin.com/
