As the company grapples with its stagnant existing core mobile, broadband and pay TV businesses, additional acquisitions to step up the growth of its enterprise business are likely. “We are diversifying into adjacent segments, we are diversifying into new geographies. That’s got risks, and that’s got rewards,” says StarHub CEO Peter Kaliaropoulos, in an interview with The Edge Singapore.
SINGAPORE (Apr 3): StarHub, which is facing stiff competition and disruption in its consumer business, has made yet another big move to beef up its enterprise business, which has quickly become its second largest revenue segment following a series of acquisitions and recent years of organic growth.
On March 11, the company announced that it is acquiring 88.3% of Strateq, a Malaysia-based IT company, for $82.1 million. This acquisition marks both a significant expansion into a new market, Malaysia, as well as into a newer range of capabilities.
