The Infocomm Media Development Authority (IMDA) announces a significant investment to boost Singapore’s Nationwide Broadband Network to 10Gbps, aiming to support over half a million households within five years.
Singapore, February 21, 2024 – In a major move towards future-proofing its digital infrastructure, the Infocomm Media Development Authority (IMDA) of Singapore has committed up to S$100 million to upgrade the Nationwide Broadband Network (NBN). This enhancement is set to catapult the network’s capacity to speeds of up to 10Gbps, with an anticipated enrollment of over half a million households by 2028.
Digital technology is advancing at an unprecedented rate, encompassing artificial intelligence, immersive digital experiences, and autonomous devices. A robust and high-capacity broadband network is crucial for fostering these and future innovations. Singapore’s proactive investment in the NBN underscores its commitment to remain at the forefront of digital infrastructure, ensuring the nation stays competitive and future-ready.
The initial investment in the NBN back in 2006 has already demonstrated significant benefits, facilitating a swift digital transformation across the country. It proved particularly instrumental during the COVID-19 pandemic, enabling seamless remote working and learning. Currently, the network reaches all homes, with over 85% connected at speeds of at least 1Gbps.
Eighteen years since its inception, the NBN is poised for a significant upgrade to support the evolving digital landscape. This investment will enhance both the network’s backend and user equipment, offering up to 10Gbps speeds. This move is expected to not only provide more competitive pricing but also introduce innovative services for both businesses and consumers.
Scheduled between mid-2024 and 2026, the upgrade coincides with the deployment of 5G mobile services and faster Wi-Fi networks, promising comprehensive and symmetric 10Gbps connectivity. This strategic development aims to sustain Singapore’s global competitive edge while unlocking new economic opportunities.
Source – IMDA
