StarHub to acquire MyRepublic’s mobile business amid ongoing telco consolidation

The acquisition will have no impact on MyRepublic’s mobile service customers, who are being progressively migrated to StarHub’s network.

PHOTO: LIANHE ZAOBAO

Published Oct 08, 2026, 06:10 PM

Updated Oct 08, 2026, 06:36 PM

StarHub will acquire MyRepublic’s mobile business and move its 4G customers from M1’s network to StarHub’s network.

MyRepublic mobile customers will keep the brand, while StarHub gains both broadband and mobile businesses after buying broadband in August 2026.

The deal supports telco consolidation in Singapore, as smaller players face falling revenue and stronger price competition, with StarHub calling for more scale to invest in networks.

SINGAPORE – StarHub on Oct 8 said it will acquire MyRepublic’s mobile business.

The value of the transaction is not fixed, but is dependent on the total 4G and 5G MyRepublic mobile subscribers, average revenue per user (ARPU) of active 4G and 5G subscribers, as well as subscriber lifetime.

The transaction is expected to be completed by April 30, 2027.

In addition to the transaction value, a bonus cash amount of $1 million will be paid by StarHub when 25,000 subscribers migrate from MyRepublic’s network to StarHub’s network.

An additional $1 million will be paid when 50,000 subscribers migrate to StarHub’s network by March 14, 2027.

MyRepublic’s mobile business attained a net profit of $2.4 million for the 12 months ended June 30, with about 85,000 active subscribers.

MyRepublic’s blended ARPU stood at $13 per month.

This follows an earlier agreement between the two parties to migrate all of the mobile virtual network operator’s (MVNO) 4G mobile customers from M1’s network – which MyRepublic mobile ran on – to StarHub’s mobile network.

“The acquisition brings together complementary strengths while preserving the distinct MyRepublic mobile brand and proposition for customers,” said StarHub in a bourse filing.

StarHub will then own both MyRepublic’s broadband and mobile businesses, having acquired its broadband business in August 2026.

As Singapore’s digital needs continue to grow, the acquisition will allow greater scale to be directed towards sustained network investment, service innovation and customer experience, StarHub noted.

In a statement to The Straits Times, StarHub said: “MyRepublic Mobile will retain its brand and offerings, with customers continuing on their existing plans and services without disruption.

“There will be no workforce reductions arising from the acquisition.”

During an earnings briefing in August for the first half of 2026, StarHub CEO Nikhil Eapen said he expects smaller MVNOs to be bought by larger players as the industry consolidates.

“There’s a natural progression in which MVNOs will gravitate (around) and then be absorbed and adopted by the large, well-capitalised players,” he noted.

Consolidation needed

Analysts have long pushed for a consolidation of Singapore’s telco industry, amid falling mobile revenue and average revenue per user.

Mobile-service revenue for StarHub fell 10.5% year-on-year to $245.3 million in H1 ended June 30, from $274.1 million.

StarHub’s underlying net profit, excluding Ensign, fell 76.1% to $12.4 million, from $51.9 million the year before, said Prem Jearajasingam, analyst at CGS International.

Singtel Singapore’s first-quarter operating revenue fell 3.1% year-on-year to $901 million, from $929 million. Singtel attributed the dip to “continued intense price competition”.

StarHub, in particular, has been “driving consolidation”, said Eapen in August.

In addition to the consolidation of MyRepublic’s mobile customers, StarHub recently migrated customers from MVNO redOne to its budget brand, eight.

More recently in September, both StarHub and Keppel confirmed that they are in talks over a potential deal involving M1 .

“With ongoing consolidation, we are bringing greater scale to invest more effectively in the networks, resilience and innovation that Singapore will increasingly depend on,” said Eapen. THE BUSINESS TIMES

此次收购不会对 MyRepublic 的移动服务客户造成任何影响，他们正在逐步迁移到 StarHub 的网络。

图片来源：联合早报

发布于2026年10月8日下午6:10

更新于2026年10月8日下午6:36

StarHub 将收购 MyRepublic 的移动业务，并将其 4G 用户从 M1 的网络转移到 StarHub 的网络。

MyRepublic 的移动用户将保留该品牌，而 StarHub 在 2026 年 8 月收购宽带业务后，将同时获得宽带和移动业务。

该交易有助于新加坡电信行业的整合，因为规模较小的运营商面临收入下降和更激烈的价格竞争，而星和则呼吁扩大规模以投资网络。

新加坡——星和电信于10月8日宣布将收购MyRepublic的移动业务。

交易金额并非固定不变，而是取决于 MyRepublic 4G 和 5G 移动用户总数、活跃 4G 和 5G 用户的平均每用户收入 (ARPU) 以及用户生命周期。

预计该交易将于 2027 年 4 月 30 日完成。

除了交易金额外，当 25,000 名用户从 MyRepublic 的网络迁移到 StarHub 的网络时，StarHub 还将支付 100 万美元的奖金。

当 5 万名用户在 2027 年 3 月 14 日前迁移到 StarHub 的网络时，还将额外支付 100 万美元。

截至 6 月 30 日的 12 个月内，MyRepublic 的移动业务实现净利润 240 万美元，拥有约 85,000 名活跃用户。

MyRepublic 的综合 ARPU 为每月 13 美元。

此前双方已达成协议，将这家移动虚拟网络运营商 (MVNO) 的所有 4G 移动用户从 M1 的网络（MyRepublic 移动网络即使用该网络）迁移到 StarHub 的移动网络。

StarHub在提交给证券交易所的文件中表示：“此次收购将双方优势互补，同时保留了MyRepublic独特的移动品牌和客户服务理念。”

StarHub 将于 2026 年 8 月收购 MyRepublic 的宽带业务，届时将同时拥有 MyRepublic 的宽带和移动业务。

星和指出，随着新加坡的数字化需求不断增长，此次收购将使公司能够将更大的规模投入到持续的网络投资、服务创新和客户体验中。

StarHub在给《海峡时报》的一份声明中表示：“MyRepublic Mobile将保留其品牌和产品，客户将继续使用现有的套餐和服务，不会受到任何影响。

“此次收购不会导致裁员。”

在 2026 年 8 月举行的 2026 年上半年盈利情况简报会上，StarHub 首席执行官 Nikhil Eapen 表示，随着行业整合，他预计规模较小的 MVNO 将被规模更大的公司收购。

他指出：“虚拟运营商会自然而然地聚集到大型、资金雄厚的运营商周围，然后被这些运营商吸收和接纳。”

需要整合

由于移动收入和每用户平均收入不断下降，分析师们长期以来一直呼吁新加坡电信行业进行整合。

截至6月30日的上半年，StarHub的移动服务收入同比下降10.5%，至2.453亿美元，而上年同期为2.741亿美元。

CGS International 分析师 Prem Jearajasingam 表示，StarHub 的基本净利润（不包括 Ensign）下降了 76.1%，从上年的 5190 万美元降至 1240 万美元。

新加坡电信（Singtel Singapore）第一季度营业收入同比下降3.1%，从9.29亿美元降至9.01亿美元。新加坡电信将收入下滑归因于“持续激烈的价格竞争”。

Eapen在8月份表示，尤其是StarHub一直在“推动整合”。

除了整合 MyRepublic 的移动客户外，StarHub 最近还将 MVNO redOne 的客户迁移到了其廉价品牌 eight。

最近在 9 月份，StarHub 和 Keppel 都证实，他们正在就涉及 M1 的潜在交易进行谈判。

“通过持续整合，我们正在扩大规模，从而更有效地投资于新加坡日益依赖的网络、韧性和创新，”伊潘表示。《商业时报》