Singapore Hot Stocks-Starhub falls on SingTel's soccer wim

SINGAPORE, Oct 1 (Reuters) - The benchmark Straits Times
Index .FTSTI fell 0.59 percent as of 0230 GMT on Thursday.

The following stock was on the move.

** STARHUB (STAR.SI) SLIDES AFTER LOSES UK FOOTBALL BID

Shares of Singapore telecom and cable TV provider Starhub
(STAR.SI) fell as much as 7 percent after rival SingTel
clinched the rights to broadcast English Premier League
football in the city-state.

Singapore Telecommunications (STEL.SI) (SingTel), Southeast
Asia's largest telco, said earlier on Thursday it had won the
bid to show live English football games for three seasons
starting August next year.

SingTel did not say how much the rights cost, but analysts
estimate the figure would be much higher than the S$250 million
($177.6 million) Starhub paid in 2007 for the right to screen
English Premier League football for three seasons.

By 0230 GMT, shares of Starhub, currently the dominant
cable TV operator in Singapore, were trading down 6.5 percent
at S$2.03. SingTel shares were up 0.3 percent at S$3.26.

(Reporting by Kevin Lim; Editing by Neil Chatterjee)