SINGAPORE, Oct 1 (Reuters) - The benchmark Straits Times Indexfell 0.59 percent as of 0230 GMT on Thursday.
The following stock was on the move.
** STARHUBSLIDES AFTER LOSES UK FOOTBALL BID
Shares of Singapore telecom and cable TV provider Starhubfell as much as 7 percent after rival SingTel clinched the rights to broadcast English Premier League football in the city-state.
Singapore Telecommunications(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)
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