IMDA's ruling on StarHub-MyRepublic deal will signal regulator tolerance for consolidation
But telcos might still be hard-pressed to strike similar deals, watchers say
Singapore
AMONG the hurdles StarHub has to clear before it can buy a controlling stake in MyRepublic's broadband business is the go-ahead from the Infocomm Media Development Authority (IMDA). The IMDA's ruling could be a signal of the regulator's appetite for continued consolidation in the industry - but telcos might still be hard-pressed to strike similar deals, watchers said.
Mainboard-listed telco StarHub last week announced plans to take a 50.1 per cent stake in MyRepublic's Singapore broadband business for up to S$162.8 million, with the option of pursuing full ownership in future.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Apple rallies most in 18 months on upbeat forecast, buyback
US: Wall St opens sharply higher on soft jobs data
HSBC has no plans to dispose of further businesses, chairman says
Glencore Group nears deal for Shell’s Singapore oil refinery
Chinese share of French EV market slumps after incentives curbed
ARA H-Trust Q1 net property income up marginally to US$6.4 million