Based on MyRepublic Broadband’s unaudited financial statements for the year ended Dec 31 2024, the aggregate net asset value attributable to the sale shares and the sale assets was negative $0.6 million, generating earnings of $5.16 million.
StarHub is taking full ownership of MyRepublic's broadband business, having first taken a 50.1% stake in a deal first announced on Sept 2021.
On Aug 12, StarHub says it is paying $94.3 million for the remaining 49.9% stake in MyRepublic broadband business it does not already own. In addition, StarHub is paying $10.9 million for operating assets as well, for a total consideration of $105.2 million.
