The Infocomm Media Development Authority (IMDA) has announced that it will invest up to SGD 100 million to upgrade the Nationwide Broadband Network (NBN) to ensure it remains future-ready. The upgrade will enable more than 500,000 households to benefit from higher speeds of up to 10Gbps by 2028, according to an official news release on Wednesday.
With artificial intelligence, immersive digital experiences, and autonomous devices all developing at a rapid pace, a higher-capacity broadband network is necessary to provide the groundwork for these and other innovations and opportunities. With speeds up to ten times faster than current, the enhanced NBN will serve as the foundation for upcoming innovations and applications.
“It is important for Singapore to invest ahead in foundational connectivity infrastructure, even as use cases continue to develop and evolve, so as to be future-ready. The upgraded NBN will form the backbone of future applications and innovation, at speeds up to 10 times faster than today,” the release said.
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Due to Singapore’s earlier investments in the first-generation NBN in 2006, a dependable and fast connectivity infrastructure was established, enabling the swift advancement of digital transformation. Many of the advantages that the nation currently enjoys from digital technology were made possible by these early expenditures for individuals and enterprises.
The NBN will be upgraded between mid-2024 and mid-2026, coinciding with the introduction of 5G mobile services and speedier Wi-Fi networks. More symmetric end-to-end 10 Gbps connectivity will be made available by the 10G NBN, boosting Singapore’s competitiveness internationally and opening up new business prospects.
“It has been 18 years since the first NBN investments. It is timely to upgrade the infrastructure, to ensure it continues to be future-ready. The investment will support the upgrading of both the backend network and front-end user equipment to enable up to 10Gbps services and innovative offerings, at more competitive prices to businesses and consumers,” read the official release.
how will the upgraded nbn benefit businesses in Singapore?
Businesses in Singapore stand to gain from the improved Nationwide Broadband Network (NBN), which offers a higher-capacity broadband network that facilitates faster and more dependable access. According to an official news release, the enhanced NBN will serve as the foundation for future innovations and applications at up to ten times quicker rates than they do now. For businesses and consumers, the improved NBN will facilitate the upgrading of both the front-end user equipment and the backend network, enabling up to 10Gbps services and creative products at more affordable costs.
More symmetric end-to-end 10 Gbps bandwidth will be made available by the improved NBN, boosting Singapore’s competitiveness internationally and opening up new business prospects. Along with facilitating the rapid development of digital technologies in fields like artificial intelligence, immersive digital experiences, and autonomous gadgets, the improved NBN will lay the groundwork for these and other future advancements and opportunities.
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