StarHub will acquire a majority interest in a new entity that will hold MyRepublic’s broadband business in Singapore, according to a filing to the Singapore Exchange on Sept 22.

StarHub’s total investment will be up to $162.8 million. An initial consideration of $70.8 million will be paid by StarHub for 50.1% of the shares in the new entity, MyRepublic Broadband, while a deferred consideration of up to $92 million will be paid if future financial performance matrices are met.

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