StarHub has agreed to amass MyRepublic’s cell enterprise in Singapore, consolidating its possession of each the MVNO’s broadband and cell operations.
In a regulatory disclosure filed with the Singapore Inventory Alternate on Thursday (October 8), StarHub stated the transaction doesn’t have a set value. Relatively, the ultimate worth will likely be decided by the whole variety of MyRepublic’s 4G and 5G subscribers, the typical income per consumer (ARPU) generated from lively 4G and 5G prospects, and subscriber lifetime worth.
On prime of the deal value, StarHub has agreed to pay bonus incentives tied to subscriber migration targets. The corporate pays 1 million Singapore {dollars} (US$780,757) when it efficiently onboards 25,000 MyRepublic 5G customers, with a further SG$1 million bonus out there if the migration reaches 50,000 5G subscribers by March 14, 2027.
The transaction is anticipated to be accomplished by April 30, 2027.
MyRepublic delivered a internet revenue of SG$2.4 million ($1.87 million) for the 12-month interval ending June 30, 2026. The corporate has constructed a subscriber base of 85,000, attaining a blended ARPU of SG$13 ($10.14) per 30 days.
Multi-brand technique
The proposed acquisition comes simply two months after MyRepublic transferred all of its 4G prospects to the StarHub community as a part of an expanded partnership between the 2 corporations. In August final 12 months, Singapore’s second-largest telecom operator took full possession of the MVNO’s broadband enterprise for SG$105.2 million ($82.12 million).
StarHub CEO Nikhil Eapen says the acquisition of MyRepublic’s cell enterprise marks the tip of a multi-year journey that started with their funding in MyRepublic Broadband in 2021.
“With ongoing consolidation, we’re bringing higher scale to take a position extra successfully within the networks, resilience and innovation that Singapore will more and more depend upon. This transaction strengthens these foundations whereas persevering with to present customers significant selection in how they join,” Eapen stated.
StarHub acknowledged that buying MyRepublic’s cell enterprise is consistent with its multi-brand technique, because it intends to retain the MVNO’s cell model and current buyer choices. MyRepublic subscribers will be capable to maintain their present cell plan with out disruption.
“MyRepublic Cellular is a robust match with our multi-brand, multi-segment technique. Totally different prospects need various things from their cell expertise, and our method permits us to supply distinct manufacturers and propositions whereas giving extra prospects entry to the power of StarHub’s community,” stated Matt Williams, chief government officer-designate at StarHub.
