StarHub Buys MyRepublic Mobile and Hangs Part of the Price on 5G Migration

StarHub has agreed to buy MyRepublic’s mobile business in Singapore, taking over an operator with 85,000 subscribers and a net profit of S$2.4 million for the twelve months ending 30 June 2026. The deal parks the mobile arm of the MVNO beside the broadband business StarHub already owns, and the MyRepublic brand survives for the customers moving across.

There is no fixed headline price. In a filing with the Singapore stock exchange on 8 October, StarHub said the final consideration will be calculated from the number of 4G and 5G subscribers, the average revenue per user on those active connections, and subscriber lifetime value. StarHub will also pay S$1 million once it onboards 25,000 MyRepublic 5G users, and a second S$1 million if migration reaches 50,000 5G subscribers by 14 March 2027. Completion is targeted for 30 April 2027.

“With ongoing consolidation, we are bringing greater scale to invest more effectively in the networks, resilience and innovation that Singapore will increasingly depend on,” chief executive Nikhil Eapen said. StarHub frames the purchase as the extension of a multi-brand strategy in which MyRepublic keeps its own plans and prices.

MyRepublic Mobile’s 85,000 customers sit on a blended monthly ARPU of about S$13, a mix of thin revenue per user and a modest profit base. Two months before this agreement, MyRepublic had already moved its 4G customers onto StarHub’s network under an expanded partnership, so a large share of the traffic was running on StarHub infrastructure before the sale was signed. StarHub bought the fixed-line side of the same business in August last year for S$105.2 million.

Matt Williams, the incoming chief executive, said customers want different things from a mobile plan, and separate brands let StarHub serve that spread.