149 views

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.
 

Follow the links for more news on

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!

Exclusives

ION Orchard marks 15 years as a premier retail destination
The mall is proactive in conducting surveys to identify trends and optimise its tenant mix.
Retail
ION Orchard leads charge in sustainable takeaway practices
 Shoppers will enjoy discounts when they opt for a reusable mug or food container from Muuse.
Lendela on why banks need fintechs to buoy loan growth
Loan demand has doubled in Singapore, and fintechs can help onboard quality clients.