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Same old story and still the only exciting piece left is Ensign... time to spin it off!
Meanwhile STT is selling its Chinese data center operator GDS, please privatise Starhub with the money, thank you.
Meanwhile STT is selling its Chinese data center operator GDS, please privatise Starhub with the money, thank you.
https://links.sgx.com/1.0.0/corporate-announcements/5A76Y0DC7U05ZDCU/855682_1H25%20PS.pdf
Telco consolidation continues as StarHub buys rest of MyRepublic Broadband for S$105.2 million
It says the acquisition will reinforce its leadership in Singapore&rsquo s broadband market
[SINGAPORE] StarHub has purchased the rest of MyRepublic&rsquo s broadband business that it did not already own for a consideration of S$105.2 million, the telco said on Tuesday (Aug 12).
On Monday, its wholly owned subsidiary StarHub Online entered into a sale and purchase agreement to acquire a 49.9 per cent stake in MyRepublic Broadband. As the transaction was completed on Monday, MyRepublic Broadband is now a wholly owned subsidiary of StarHub.
This comes as the years-long speculation of StarHub acquiring M1 was quashed after Keppel on Monday announced the proposed sale of its telco business to Simba Telecom.
An RHB analyst described the deal as a &ldquo pre-emptive move by StarHub to circumvent competitive manoeuvres following Simba&rsquo s acquisition of M1&rdquo .
&ldquo The StarHub-MyRepublic deal gives StarHub full brand ownership and oversight of MyRepublic,&rdquo the analyst added.
At 10.46 am, StarHub shares rose to an intraday high of S$1.19, up 2.6 per cent or S$0.03, with some 1.8 million shares changing hands. The counter later closed Tuesday at S$1.18, up by S$0.02 or 1.7 per cent, with 4.6 million shares transacted.
In a statement on Tuesday, StarHub said that the acquisition would reinforce its leadership in Singapore&rsquo s broadband market.
&ldquo The acquisition allows StarHub to assume full ownership of MyRepublic Broadband, enabling greater strategic alignment. It also secures the brand equity in Singapore as well as operational assets integral to MyRepublic Broadband&rsquo s operations,&rdquo the telco said.
Nikhil Eapen, chief executive of StarHub, said: &ldquo We&rsquo ve laid a strong foundation for growth and with MyRepublic Broadband fully under our wing, we can move faster, go further, and serve customers with even greater clarity and care.&rdquo
Eapen, who has been CEO since January 2021, noted that StarHub is moving into its next phase of consolidation as the broadband landscape in Singapore undergoes change.
&ldquo We&rsquo re in a phase of consolidation and we&rsquo re not just watching it unfold, we&rsquo re shaping it. As the market shifts, scale, quality and resilience matter more than ever. Smaller players may find it harder to sustain, especially without robust platforms,&rdquo he said.
The acquisition&rsquo s S$105.2 million consideration comprises a S$94.3 million sale share consideration and a S$10.9 million sale asset consideration.
On a pro forma basis, assuming the transaction was completed on Jan 1, 2024, it would have brought StarHub&rsquo s earnings per share from S$0.089 to S$0.091, and its net profit from S$152.7 million to S$156.3 million, the telco said.
StarHub in March 2022 received regulatory approval from the Infocomm Media Development Authority (IMDA) to acquire a 50.1 per cent stake in MyRepublic&rsquo s broadband unit.
IMDA said then that the proposed move could result in a horizontal consolidation as both companies compete in public Internet access services, Internet protocol telephony services and managed data network services.
Business as usual
Maybank analyst Hussaini Saifee, noting that MyRepublic Broadband is already consolidated within the StarHub business, said: &ldquo I don&rsquo t see any change in competitive dynamic on the back of this announcement.&rdquo
He added that StarHub had to complete this deal at some point in time.
The RHB analyst, in response to Eapen&rsquo s comments about smaller players finding it hard to sustain, said: &ldquo Scale is essential in a crowded market like Singapore.&rdquo The analyst emphasised that further mergers and acquisitions cannot be ruled out.
Hussaini argued that both the StarHub transaction and Simba-M1 merger would not have major bearings on smaller players, noting that the underlying infrastructure for broadband is provided by NetLink Trust.
Positive outlook for industry
Analysts believe that StarHub&rsquo s consolidation with MyRepublic, coupled with Simba&rsquo s acquisition of M1, will lead to price rationalism within the telco industry.
Hussaini said that the intense broadband competition, which was triggered by Simba&rsquo s aggressive plans, will ease.
He also noted that current pricing plans in Singapore, which include those at S$7 to S$8 offering 200 to 300 gigabytes of data with roaming, is unsustainable.
&ldquo There could be some competitive skirmishes in the lead up to consolidation closure or maybe just after that. But the medium-term trajectory is for competition to stabilise or improve,&rdquo Hussaini added.
Similarly, the RHB analyst believes that telcos will now experience &ldquo sustainable growth and yield, with improving cash flows&rdquo . The analyst added that the market dynamics may see the effects of the consolidation flow through over time.
Nowadays, investors like to buy ETF index instead of stock. All STI index stock are pushed up withouy fundamentals which are same as US index, all breaking high without fundamental.
Main reason is printed too much money, those money are flooding in ETF and index ETF.
noslen ( Date: 13-Aug-2025 10:47) Posted:
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Share price speaks loudest and comparing Singtel with Starhub, totally different level. The management plays a huge part too, still not convinced over the Dare+ project and the direction it is heading.
cloudy.mountain ( Date: 12-Aug-2025 23:39) Posted:
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aiya don' t need to come online to argue la. just look out for SIMBA corporate strategy loh. then can see if really consolidation is good or bad for StarHub.
whatever the point of view is, i' m sure most people will agree this is a missed opportunity for StarHub to consolidate its position within the Singapore telco landscape.
Singtel still got buffer to deal with any downside risk due to its diversified earnings base but StarHub....it' s entire fate is tied to Singapore market
whatever the point of view is, i' m sure most people will agree this is a missed opportunity for StarHub to consolidate its position within the Singapore telco landscape.
Singtel still got buffer to deal with any downside risk due to its diversified earnings base but StarHub....it' s entire fate is tied to Singapore market
M1 subscribers might switch to Starhub/Singtel if they didn't like TPG/Simba
I dont understand how some analysts could be negative about this consolidation.
Starhub should get better earnings to come with 1 less competition.
Simba is not a charity, they are not spending $1+B to bleed money.
john_ric ( Date: 12-Aug-2025 15:30) Posted:
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Back to 3 Telco era, starhub will be back to 4 dollars
NTT still owns 10% of Starhub and STT owns about 56%
Probably the major shareholders have alot of say in what to buy and who to sell it to.
Probably the major shareholders have alot of say in what to buy and who to sell it to.
honesty ( Date: 12-Aug-2025 15:42) Posted:
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hopefully new overseas player buys over starhub since it is not making good headway
john_ric ( Date: 12-Aug-2025 15:30) Posted:
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m1 subscribers become TPG subscribers.
The mobile and data pricing are at bottom, cannot be lowered down further.
Virtual Mobile operators, previously can borrow the data platform from 4 Telco (Singtel, M1, Starhub and TPG) and sell at cut throat price, this resulted 4 Telco joined the competition to launch Giga, Gomo and etc.
In fact, this is very bad to the industry and may cause singapore to lose the infrastucture competition in the region since the telco need the money to invest and develop 6G even higher. M1 and Starhub may inform IMDA that they doesn' t make money for paying 5G platform to IMDA, now market talking about 6G network.
IMDA shall be aware of this and approve this merging or take over to remove Republic and M1 from the market and back to 3 Main Telco in the past. Why not merging M1 and Starhub? Starhub has no 1billion but only have 100mio to buy Republic.
Virtual Mobile operators, previously can borrow the data platform from 4 Telco (Singtel, M1, Starhub and TPG) and sell at cut throat price, this resulted 4 Telco joined the competition to launch Giga, Gomo and etc.
In fact, this is very bad to the industry and may cause singapore to lose the infrastucture competition in the region since the telco need the money to invest and develop 6G even higher. M1 and Starhub may inform IMDA that they doesn' t make money for paying 5G platform to IMDA, now market talking about 6G network.
IMDA shall be aware of this and approve this merging or take over to remove Republic and M1 from the market and back to 3 Main Telco in the past. Why not merging M1 and Starhub? Starhub has no 1billion but only have 100mio to buy Republic.
n3wbie ( Date: 12-Aug-2025 10:57) Posted:
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Customers only become the winner when 1) mobile and data pricing continues to be more competitive 2) stability of services, no outages please
Simple things that we customers want!
Simple things that we customers want!
freestyle123 ( Date: 12-Aug-2025 09:58) Posted:
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reckon price should be up very much since myrepublic is fully owned by starhub, majority shareholder TH will put pressue , hold for good upside
freestyle123 ( Date: 12-Aug-2025 09:58) Posted:
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Maybe next thing they could do is Starhub buy over M1/Simba broadband business and sell its mobile business to Simba then it will be down to 2 competing in each area (IMDA is unlikely to approve though). Or Starhub buy over M1 enterprise business from Keppel.
virtual mobile business/operator will be cooked by 3 main telco from now on.
freestyle123 ( Date: 12-Aug-2025 09:58) Posted:
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Starhub bought over my republic.
TPG bought over M1.
clearer picture, singapore telco is back to 3 main telco.
Broadband, is also back to 3 main service provider.
No winner company, consumer is the only winner. But game change from today.
TPG bought over M1.
clearer picture, singapore telco is back to 3 main telco.
Broadband, is also back to 3 main service provider.
No winner company, consumer is the only winner. But game change from today.
StarHub down 6.6% as M1 sale to Simba dashes hopes of its takeover of the telco
The stock on Monday hit an intraday low of S$1.14, 6.6% below its prior closing price of S$1.22 on Friday
[SINGAPORE] Shares of telco StarHub : CC3 -4.92% fell by more than 6 per cent on Monday (Aug 11) after news of Keppel&rsquo s proposed sale of M1 to Simba Telecom, one of the latest entrants to Singapore&rsquo s telco scene.
This has dashed hopes of a potential StarHub takeover of M1, which was rumoured to be on the cards as far back as 2020. Simba has reportedly been gaining ground against incumbent mobile network operators.
As at 4.31 pm, the stock fell to S$1.14, its lowest price since Jun 25, ShareInvestor data showed. With around 8.7 million shares changing hands, it was 6.6 per cent or S$0.08 below its S$1.22 closing price on Friday.
It finished Monday at S$1.16, down by 4.9 per cent or S$0.06, with some 9.1 million shares transacted.
On Monday, Keppel announced the proposed divestment of its telco business M1 to Simba &ndash which put forward the strongest bid among interested parties, at an &ldquo attractive valuation&rdquo , the asset manager said.
With an enterprise value of around S$1.4 billion, the proposed sale would result in Keppel receiving close to S$1 billion in cash for its 83.9 per cent effective stake in M1.
The asset manager will retain M1&rsquo s information and communication technology business and certain assets excluded from the proposed transaction.
Chatter about Keppel selling its consumer mobile business has been long ongoing, with talk of a potential M1 and StarHub merger circulating on and off since 2020.
Manjot Singh Mann, the chief executive of Keppel&rsquo s connectivity segment, highlighted at the company&rsquo s recent earnings briefing on Jul 31 that the telco market is saturated &ndash with four operators and around seven mobile virtual network operators.
Keppel, at its H1 earnings release, announced plans to monetise some S$14.4 billion of non-core assets to unlock value.
This comes as part of its plans to accelerate the growth of &lsquo New Keppel&rsquo and its transformation into a global asset manager and operator.
Simba first started out in 2020 under the name TPG Singapore, offering a S$10 a month plan that came with 50 gigabytes of data, before its 2022 rebrand.
The telco has grown from serving 487,000 subscribers at the end of H1 FY2022 to 1.1 million subscribers as at H2 FY2024, according to a January report from mobile network analytics company Opensignal.
StarHub acquires remaining 49.9% stake in MyRepublic Broadband
MyRepublic&rsquo s broadband business is now StarHub&rsquo s wholly owned subsidiary
[SINGAPORE] StarHub : CC3 -4.92% has acquired the remaining 49.9 per cent stake in MyRepublic&rsquo s broadband business that it did not already own, through its wholly owned subsidiary StarHub Online, the telco said on Tuesday (Aug 12).
The acquisition, which makes MyRepublic Broadband a wholly owned StarHub subsidiary, comes one day after the years-long speculation of StarHub acquiring M1 from Keppel was quashed when the asset manager announced its proposed sale of the telco to Simba Telecom.
&ldquo The acquisition allows StarHub to assume full ownership of MyRepublic Broadband, enabling greater strategic alignment,&rdquo StarHub said.
Nikhil Eapen, chief executive of StarHub, said: &ldquo We&rsquo ve laid a strong foundation for growth and with MyRepublic Broadband fully under our wing, we can move faster, go further, and serve customers with even greater clarity and care.&rdquo
StarHub in March 2022 received regulatory approval from the Infocomm Media Development Authority (IMDA) to acquire a 50.1 per cent stake in MyRepublic&rsquo s broadband unit.
IMDA said then that the proposed move could result in a horizontal consolidation as both companies compete in public Internet access services, Internet protocol telephony services and managed data network services.
Bottoms up analysis is never inappropriate in the long term. What is true is that bottoms up analysis needs to accurately reflect the reality of the situation, and if it is true that there has been a fundamental shift in market structure and industry competitive dynamics then that needs to be accurately reflected.
As to whether such a shift has happened and if so what that shift is, that is open for debate. I have already stated some considerations on this and why, but different people may have different views.
As to whether such a shift has happened and if so what that shift is, that is open for debate. I have already stated some considerations on this and why, but different people may have different views.
cloudy.mountain ( Date: 11-Aug-2025 17:40) Posted:
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