Telco consolidation continues as StarHub buys rest of MyRepublic Broadband for S$105.2 million
It says the acquisition will reinforce its leadership in Singapore’s broadband market
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[SINGAPORE] StarHub has purchased the rest of MyRepublic’s broadband business that it did not already own for a consideration of S$105.2 million, the telco said on Tuesday (Aug 12).
On Monday, its wholly owned subsidiary StarHub Online entered into a sale and purchase agreement to acquire a 49.9 per cent stake in MyRepublic Broadband. As the transaction was completed on Monday, MyRepublic Broadband is now a wholly owned subsidiary of StarHub.
This comes as the years-long speculation of StarHub acquiring M1 was quashed after Keppel on Monday announced the proposed sale of its telco business to Simba Telecom.
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