StarHub, the Singapore telecom provider majority-owned by Temasek subsidiary ST Telemedia, has acquired the remaining 49.9% stake in MyRepublic Broadband in a S$105.2m (€70m) deal.
The deal comprises S$94.3m for MyRepublic Broadband’s shares and AS$10.9m for its assets.
The acquisition allows StarHub to assume full ownership of MR Broadband and strengthens StarHub’s multi-brand, multi-segment strategy in the Singapore broadband market.
Starhub acquired its majority stake in MyRepublic in 2022 for A$162.8m.
MyRepublic said its other operations include its mobile businesses in Singapore and New Zealand, as well as its platform and digital business My Republic Digital, would continue as usual after the sale.
Nikhil Eapen, StarHub CEO, said: “This isn’t just an acquisition. It’s an acceleration. We’ve laid a strong foundation for growth and with MR Broadband fully under our wing, we can move faster, go further, and serve customers with even greater clarity and care.
“We’re in a phase of consolidation and we’re not just watching it unfold, we’re shaping it,” added Nikhil. “As the market shifts, scale, quality, and resilience matter more than ever. Smaller players may find it harder to sustain, especially without robust platforms.”
This deal marks the second telecommunications consolidation in Singapore in two days, following Simba Telecom’s acquisition of M1 from Keppel on Monday.
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