Mr Eapen said that Singapore’s broadband landscape is in a “phase of consolidation”.
“As the market shifts, scale, quality, and resilience matter more than ever. Smaller players may find it harder to sustain, especially without robust platforms.
“Our role is to step up to provide the reliability, performance, and consistency that customers deserve at a time when they need it most.”
In a press release on Tuesday, MyRepublic said its other operations will continue as usual after the acquisition.
These include its mobile businesses in Singapore and New Zealand – under the MyRepublic and Rocket Mobile brands respectively – as well as its platform and digital business, MyRepublic Digital.
“The non-broadband customers can rest assured that they will continue to enjoy MyRepublic services,” the company said.
The acquisition comes a day after asset manager Keppel said it will sell M1’s telecom operations to operator Simba Telecom for an enterprise value of S$1.43 billion (US$1.11 billion).
StarHub in 2022 obtained regulatory approval from the Infocomm Media Development Authority to acquire the majority stake in MyRepublic Broadband.
Responding to CNA’s queries, a StarHub spokesperson said the telco had “no immediate plans for team restructuring or changes to existing services following the acquisition”.
“Our focus remains on delivering quality, reliability, and seamless experiences for customers as we continue to align and strengthen the business,” the spokesperson added.
