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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 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's StarHub to cut jobs amid telco sector shakeout

SINGAPORE, Oct 3 Singaporean telecom operator StarHub Ltd said on Wednesday it would cut about 12 percent of its workforce as part of a strategic revamp that will include focusing and investing in new areas such as cybersecurity.