SingTel subsidiary wins South Korean license

SingTel subsidiary wins South Korean license

SINGAPORE: Singapore Telecommunications' (SingTel) cable subsidiary C2C said Wednesday it has secured a license to own and operate telecoms infrastructure facilities in South Korea.

ILJIN C2C, a joint venture between the SingTel unit and South Korea's ILJIN group, will provide city-to-city connectivity services to key Asian countries, the United States as well as India using C2C's pan-Asian cable network, it said in statement.

"Korea is among the fastest growing broadband market in Asia with an estimated 9.86 million connections, almost half of the region's total of 20.9 million," Yim Kwok Weng, chief executive of ILJIN C2C, said in a statement.

"The demand for bandwidth in the country is expected to continue to grow as many broadband users and software developers in Korea are constantly requiring more bandwidth for new applications," Yim said. -- AFP