IMDA approves StarHub's acquisition of 50.1% stake in MyRepublic's broadband unit

Singapore

LOCAL telco StarHub has been granted regulatory approval by the Infocomm Media Development Authority (IMDA) on Wednesday (Mar 9) to acquire a 50.1 per cent stake in MyRepublic's broadband unit.

In its decision on the proposed consolidation, IMDA found that the move could result in a horizontal consolidation as both companies compete in public Internet access services, Internet protocol telephony services and managed data network services.