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
Add BT as a preferred source
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.
TRENDING NOW
Profit with purpose: Kim Choo Kueh Chang’s pivot from public listing to protecting heritage
Singapore Kitchen CEO, senior manager charged with alleged fraud, falsifying accounts; both to stay in jobs for now
Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned
Should you sacrifice some CPF Life income in favour of ILPs? Tread carefully
