StarHub to acquire MyRepublic's mobile businessStarHub将收购MyRepublic的移动业务
StarHub will acquire MyRepublic's mobile business in Singapore, the telco said in a statement on Thursday (Oct 8). MyRepublic's mobile customers will continue to enjoy their existing services without disruption, supported by StarHub's mobile network.The transaction builds on the existing relationship between the two companies, with MyRepublic Mobile customers already progressively being migrated onto StarHub's network. MyRepublic's mobile business attained...
StarHub will acquire MyRepublic's mobile business in Singapore, the telco said in a statement on Thursday (Oct 8).
MyRepublic's mobile customers will continue to enjoy their existing services without disruption, supported by StarHub's mobile network.
The transaction builds on the existing relationship between the two companies, with MyRepublic Mobile customers already progressively being migrated onto StarHub's network.
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.
The transaction is expected to be completed by April 30, 2027, according to The Straits Times.
Nikhil Eapen, StarHub's chief executive officer, said that the acquisition completes full ownership of MyRepublic across both broadband and mobile.
"With ongoing consolidation, we are bringing greater scale to invest more effectively in the networks, resilience and innovation that Singapore will increasingly depend on," Eapen added.
Matt Williams, StarHub's chief executive officer-designate, said the acquisition strengthens StarHub's multi-brand strategy, allowing it to serve different customer segments while giving more users access to the strength of its network.
"With our 5G+ network, we are continuing to invest in faster speeds, stronger indoor coverage and a better overall mobile experience, while building the scale needed to serve customers more effectively," he added.
Vaughan Baker, MyRepublic's group chief executive officer, said: "For MyRepublic Mobile customers, we deeply appreciate your support and loyalty over the years and nothing changes for you."
In addition to the transaction value, StarHub will pay MyRepublic an additional $1 million once 25,000 subscribers have migrated to StarHub's network, reported The Straits Times.
A further $1 million bonus will reportedly be paid if the number of migrated subscribers reaches 50,000 by March 14, 2027.
esther.lam@asiaone.com
星和电信周四（10月8日）在一份声明中表示，该公司将收购MyRepublic在新加坡的移动业务。
MyRepublic 的移动用户将继续享受现有服务，不会受到任何影响，这得益于 StarHub 的移动网络支持。
此次交易建立在两家公司现有关系的基础上，MyRepublic Mobile 的客户已经逐步迁移到 StarHub 的网络上。
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。
据《海峡时报》报道，该交易预计将于 2027 年 4 月 30 日完成。
StarHub 首席执行官 Nikhil Eapen 表示，此次收购完成了对 MyRepublic 在宽带和移动领域的全面拥有。
“随着持续的整合，我们将扩大规模，从而更有效地投资于新加坡将日益依赖的网络、韧性和创新，”伊潘补充道。
StarHub 的候任首席执行官 Matt Williams 表示，此次收购加强了 StarHub 的多品牌战略，使其能够服务于不同的客户群体，同时让更多用户能够享受到其强大的网络优势。
他补充道：“通过我们的 5G+ 网络，我们将继续投资于更快的速度、更强的室内覆盖和更好的整体移动体验，同时构建更有效地服务客户所需的规模。”
MyRepublic集团首席执行官Vaughan Baker表示：“对于MyRepublic Mobile的客户，我们衷心感谢你们多年来的支持和忠诚，一切都不会改变。”
据《海峡时报》报道，除了交易金额外，一旦有 25,000 名用户迁移到 StarHub 的网络，StarHub 还将向 MyRepublic 额外支付 100 万美元。
据报道，如果到 2027 年 3 月 14 日迁移的用户数量达到 5 万，还将额外支付 100 万美元的奖金。
esther.lam@asiaone.com