OpenNet was established in 2008, and is a joint venture between four partners Axia NetMedia (Axia), Singapore Telecommunications (SingTel), Singapore Press Holdings (SPH) and SP Telecommunications (SPT).

The Infocomm Development Authority of Singapore (IDA), has awarded OpenNet the contract to build, manage and operate a nationwide all-fibre platform for Singapore's Next Generation Nationwide Broadband Network (Next Gen NBN).

OpenNet will provide a competitive, yet neutral, level playing field environment for all downstream operators, enabling the delivery of rich content and ultra-high speeds of 1Gbps and above per end user.