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StarHub now fully owns MyRepublic's broadband business after S$105 million deal for 49.9% share
It had previously held a 50.1 per cent stake in MyRepublic's broadband business since 2022.
August 12, 2025, 11:28 AM
StarHub has completed its acquisition of MyRepublic Broadband by buying over the remaining 49.9 per cent share of the business.
It had previously owned a majority stake of 50.1 per cent in MyRepublic's broadband business through a deal in 2022.
Announcing this "major milestone" a media release on Aug. 12, StarHub said the transaction also includes the MyRepublic brand in Singapore and "certain key operational assets" associated with its broadband business and operations.
MyRepublic Group, a Singapore communications service provider, was launched in 2011.
It will continue to retain a virtual mobile business that StarHub does not have a stake in, according to The Straits Times.
Based on the acquisition filing on the Singapore Exchange, this purchase is worth an estimated total of S$105.1 million, comprising about S$94.3 million for the remaining 49.9 per cent shares, and over S$10.8 million for MyRepublic Broadband's assets.
However, the sum will be used to set off against MyRepublic's existing S$74.2 million loan from StarHub.
StarHub CEO Nikhil Eapen said that the company has "laid a strong foundation for growth" with its full takeover of MyRepublic Broadband, and expects to be able to strengthen customer service.
He added that Singapore's broadband landscape is in a "phase of consolidation".
Just a day before StarHub's acquisition, asset manager Keppel announced it will sell the telecom operations of its subsidiary M1 to Simba Telecom — a deal that had been previously been anticipated to go to StarHub.
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