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
Add BT as a preferred source
[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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?
