SINGAPORE (The Straits Times/Asia News Network): Local telco StarHub will be buying a majority 50.1 per cent stake in rival Internet service provider MyRepublic's broadband business for residential and enterprise customers in Singapore, which itself was initially started by a former StarHub subsidiary executive.
Announcing this on Wednesday (Sept 22), the two companies said that the proposed transaction will consolidate and strengthen StarHub's position in the Singapore broadband market, expanding its market presence to 40 per cent and "steering long-term business growth".