StarHub to acquire MyRepublic’s mobile business amid ongoing telco consolidation
It already owns MyRepublic’s broadband business
StarHub announced it will acquire MyRepublic's mobile business, following an earlier agreement to migrate all of MyRepublic's 4G mobile customers from M1's network to StarHub's network. This acquisition will not impact MyRepublic's mobile service customers, who are being progressively shifted to StarHub's network. StarHub CEO Nikhil Eapen expects smaller MVNOs to be acquired by larger players as the industry consolidates.
The acquisition allows StarHub to combine its strengths and preserve MyRepublic's distinct mobile brand and proposition for customers. With growing digital needs in Singapore, the acquisition will enable greater scale for network investment, service innovation, and enhanced customer experience. Analysts have long advocated for telco consolidation due to falling mobile revenue and average revenue per user.
StarHub's mobile-service revenue fell 10.5% year on year in H1, while underlying net profit excluding Ensign dropped 76.1%. Singtel also experienced a decline in operating revenue due to intense price competition. StarHub has been actively driving consolidation, and recently, talks are underway for a potential deal involving M1.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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