StarHub becomes sole owner of MyRepublic Broadband

CEO says acquisition to allow them to go further and move faster.

"This isn't just an acquisition. It's an acceleration."

Those were the words of StarHub CEO Nikhil Eapen when the Singapore-based group announced the completion of its swoop for the rest of MyRepublic Broadband (MR Broadband).

The finalised deal includes the 49.9% stake in MR Broadband that StarHub didn't previously own, as well as the MyRepublic brand in Singapore and certain MyRepublic Group assets that are associated with MR Broadband.

Eapen commented: "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."

StarHub, which facilitated the transaction via its StarHub Online subsidiary, sees the group's full ownership of MR Broadband as a milestone that is greatly aligned with its multi-brand and multi-segment strategy.

"As the market shifts, scale, quality, and resilience matter more than ever," Eapen went on to say. "Smaller players may find it harder to sustain, especially without robust platforms.

"Our role is to step up to provide the reliability, performance, and consistency that customers deserve at a time when they need it most."

The total consideration for the sale of the shares and relevant assets amounted to nearly $81.8m (S$105.2m).