StarHub subsidiary to acquire majority stake in MyRepublic Broadband

A loan of $105m will be used to pay MR HoldCo's existing debt.

Starhub Ltd. announced via a press release that its subsidiary, StarHub Online Pte. Ltd.,  entered into a share purchase agreement with MyRepublic Group Limited and MyRepublic Holdings Ltd (MR HoldCo). 

The agreement covers a majority interest in MyRepublic Broadband Pte Ltd. These provide broadband services in Singapore for both residential and enterprise customers (MR Singapore Broadband Business) 

MR GroupCo has agreed to sell the shares in the share capital of MyRepublic Broadband Pte. Ltd., which represents around 50.1 per cent if the issued share capital of NewCo.

Currently, the MR Singapore Broadband Business is a division of MyRepublic Limited. As a condition of the proposed transaction, the MR Singapore Broad Business will be transferred from MR SG to New Co. 

A bridging loan of $105m will be extended by StarHub Online Pte. Ltd to MR HoldCo for the repayment of the company’s existing debt.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Meanwhile, a record 583 non-landed homes sold for more than $2m each in the first nine months of the year.
The merger will create a flagship pan-Asia logistics and high-tech S-REIT.
It is followed closely by the identification app SingPass.
The index tracks REITs in the APAC region with higher dividend yields and positive environmental attributes.
Both companies will create training programs to support digital entrepreneurship and digital upskilling for Grab partners.
The deal is focused on M1’s network assets. 
This is a part of the Lion City's bid to become a global maritime knowledge and innovation hub.
Risks, however, are present with the financial troubles faced by the real estate sector in China. 
This comes as more Singaporeans turn to gaming in the midst of the pandemic. 
Retail sector has experienced the “most disruptions” with the changing restrictions.
The company was commended for being a global and regional sector leader in five categories.
The CEO designate said he aims to drive development in the company’s business units.   Gary Ho,  who played an instrumental role in the Initial Public Offering (IPO) of Nanofilm Technologies International Limited, has been appointed Chief Executive Officer of the company.
Analysts said strong leasing activity in Q3 played a factor.
Islandwide prime retail rents saw a dip by 0.6% q-o-q. 
Jardine Cycle & Carriage, Keppel Corporation and Frasers Logistics & Commercial showed the most growth.