Corporate digest

StarHub

SINGAPORE telco StarHub on Friday announced an agreement to acquire the remaining 49 per cent stake in local cybersecurity services provider Accel Systems & Technologies Pte Ltd. StarHub acquired a 51 per cent stake in Accel for S$19.38 million in May.

The remaining acquisition will occur in two phases: 29.4 per cent in Phase 2 and 19.6 per cent in Phase 3. Phase 2 is expected to close by July 2017 while Phase 3 is expected to close by the first quarter of 2020.