StarHub's MyRepublic deal revives buzz in local telecom market

Analysts say that while the deal isn't likely to change the landscape in the telecom arena, it could pave the way for more consolidation by the bigger players

Annabeth Leow

Published Thu, Sep 23, 2021 · 05:50 AM

StarHub

Singapore

MAINBOARD-LISTED StarHub's purchase of a controlling interest in MyRepublic's Singapore broadband business is unlikely to make a major dent on the telecom landscape for now. But it could set the stage for more consolidation by bigger players, even as it revives interest in long-delayed listing plans at MyRepublic.

StarHub on Wednesday announced plans to take a 50.1 per cent stake in MyRepublic's Singapore broadband business for an initial S$70.8 million - with a deferred consideration of S$92 million also payable later if certain financial performance metrics be met.

StarHub - which is also extending a S$74.2 million loan upon completion of the deal that will go to debt repayment at MyRepublic - has t…