Under the Radar: 25 years of StarHub – Its CEO sheds light on acquisition of MyRepublic’s broadband business, changing competitive landscape, and vision for long term growth.
Description
We’re going to revisit an “Under the Radar” guest who first joined us on the show about two years ago.
And this is a leading homegrown Singapore company that delivers what’s said to be world-class communications, entertainment and digital services. And yes – you might be using its 5G network services to tune into this conversation as we speak.
Founded in 2000, telecommunications service provider StarHub seeks to provide people, homes and enterprises mobile and mixed services, a broad suite of premium content, as well as a diverse range of communications solutions through its extensive fibre and wireless infrastructure.
25 years on, the firm also develops and delivers solutions incorporating artificial intelligence, cybersecurity, data analytics, Internet of Things for both corporate and government clients.
And we want to find out what is next for StarHub in a fast evolving market as it celebrates 25 years in the business.
Beyond that, the Singaporean telecommunications industry that StarHub lies in is also an interesting one to look at, as it undergoes a market consolidation.
In August this year, Keppel announced the proposed sale of M1’s telecommunications business to Australian mobile network operator Simba Telecom, for an enterprise value of S$1.43 billion. The move disappointed investors who had hoped for StarHub to buy over M1.
Just a day later though, StarHub announced that it has taken full ownership of MyRepublic’s broadband business. The move was said to strengthen StarHub’s multi-brand and multi-segment strategy in the Singapore broadband market. But what opportunities and synergies is the firm looking to tap exactly?
And how far will a consolidation in the market give telco players like StarHub more flexibility in its pricing to boost its top line numbers?
On Under the Radar, Money Matters’ finance presenter Chua Tian Tian posed these questions to Nikhil Eapen, Chief Executive Officer, StarHub.
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