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StarHub Ltd (STAR.SI)

STAR.SI on Stock Exchange of Singapore

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Latest Key Developments (Source: Significant Developments)

Starhub Announces Agreement For Temasek To Acquire D'crypt Pte
Thursday, 8 Aug 2019 

Aug 8 (Reuters) - Starhub Ltd ::ANNOUNCES AGREEMENT FOR TEMASEK TO ACQUIRE D'CRYPT PTE FROM STARHUB AND D'CRYPT'S FOUNDING SHAREHOLDERS.FOLLOWING TRANSACTION, STARHUB WILL HOLD 60% OF ECONOMIC INTEREST IN D'CRYPT.UNDER AGREEMENT, STARHUB & FOUNDING SHAREHOLDERS TO SELL 100% STAKE IN D'CRYPT TO TEMASEK FOR INITIAL AGGREGATE CONSIDERATION OF S$100 MILLION.AS PART OF TRANSACTION, ENSIGN INFOSECURITY WILL BE ISSUED PREFERENCE SHARES AND BE FULLY ENTITLED TO ECONOMIC RIGHTS OF D'CRYPT.  Full Article

Starhub Says Q4 Net Profit After Tax S$15 Mln
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - StarHub Ltd ::Q4 TOTAL REVENUE S$619 MILLION VERSUS S$687 MILLION.QTRLY NET PROFIT AFTER TAX S$15 MILLION VERSUS S$52 MILLION.  Full Article

StarHub Ltd Sees 2019 Service Revenue To Be Stable To A Decline Of 2 Pct YoY
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - StarHub Ltd ::EXPECTS GROUP'S 2019 SERVICE REVENUE TO BE STABLE TO A DECLINE OF 2% YOY.IN 2019, CAPEX COMMITMENT, EXCLUDING SPECTRUM PAYMENT OF S$282.0 MILLION, IS EXPECTED TO BE 11% TO 12% OF TOTAL REVENUE.IN 2019, INTENDS TO ADOPT A NEW VARIABLE DIVIDEND POLICY AND PAY-OUT AT LEAST 80% OF NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS.  Full Article

StarHub Announces Strategic Transformation Initiatives
Wednesday, 3 Oct 2018 

Oct 3 (Reuters) - StarHub Ltd ::STARHUB ANNOUNCES STRATEGIC EFFICIENCY TRANSFORMATION INITIATIVES.STRATEGIC REVIEW PROCESS RESULTED IN REDUCTION OF WORKFORCE WITH ABOUT 300 FULL TIME EMPLOYEES IMPACTED.INITIATIVES TO IMPROVE OPERATIONAL EFFICIENCIES EXPECTED TO REALISE $210 MILLION IN SAVINGS OVER THREE-YEARS FROM 2019.WORKFORCE REDUCTIONS WILL PRIMARILY AFFECT NON-CUSTOMER FACING FUNCTIONS.ONE-OFF RESTRUCTURING COST OF ABOUT S$25 MILLION WILL BE INCURRED.ONE-OFF RESTRUCTURING COST WILL NOT HAVE ANY IMPACT ON STARHUB’S GUIDANCE FOR FY2018.  Full Article

Starhub Ltd Appoints Peter Kaliaropoulos As CEO
Friday, 20 Apr 2018 

April 20 (Reuters) - StarHub Ltd ::APPOINTS PETER KALIAROPOULOS AS CEO, TO COMMENCE ROLE FROM JULY 9.  Full Article

Starhub Signs Agreement To Acquire D'crypt Pte
Friday, 15 Dec 2017 

Dec 15 (Reuters) - Starhub Ltd ::ENTERED AGREEMENT TO ACQUIRE D'CRYPT PTE LTD FOR A MAXIMUM CONSIDERATION OF UP TO S$122 MILLION.POST-ACQUISITION, D'CRYPT WILL OPERATE AS STANDALONE STARHUB UNIT AND CONTINUE TO BE LED BY CURRENT MANAGEMENT TEAM​.  Full Article

Starhub CEO Tan Tong Hai will step down from his position​
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Starhub Ltd :‍ CEO Tan Tong Hai will step down from his position​.  Full Article

StarHub says qtrly net profit S$‍76.2​ mln vs S$86 mln
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Starhub Ltd :Qtrly net profit S$76.2​ million versus S$86.0 million a year ago.Q3 total revenue S$‍580.4​ million versus S$585.3 million.‍Maintain guidance on 2017 service revenue to be at about 2016's level and EBITDA margin to be between 26 pct to 28 pct of service revenue​.‍In 2017, capex payment, excluding spectrum payment of S$69.3 million, is expected to decrease to 10 pct of total revenue​.Intend to maintain a quarterly cash dividend of 4 cents per ordinary share for FY2017​.  Full Article

Singapore to invest $30 mln in 5G tests ahead of 2020 rollout

SINGAPORE, June 27 Singapore on Thursday launched a S$40 million ($29.5 million) initiative to test applications for 5G networks, the next generation of mobile communications, ahead of a planned rollout next year.