StarHub to acquire a 50.1% stake in the broadband business from MyRepublic for $163m.

StarHub, homegrown Singapore company that delivers communications, entertainment and digital solutions, agreed to acquire a 50.1% stake in the broadband business from MyRepublic, a Singaporean communications services provider, for $163m. “We are delighted to partner MyRepublic to step up innovation and bring more value to more customers in Singapore. COVID-19 has shown just how important quality broadband services are to our society, and we intend to scale up and deliver better and faster services to our customers, while realising high-quality earnings accretion. We stand to mutually benefit from StarHub’s digital-first technology platforms, our challenger mindset in innovation and customer-centricity, and MyRepublic’s lean operating model and experiences in regional markets," Nikhil Eapen, StarHub CEO.