StarHub
Introduction
StarHub Limited is a full-fledged telecommunications company providing a full range of services over mobile, internet and fixed platforms in Singapore. It is the second largest mobile operator in Singapore. It operates Singapore’s fastest two-way HSPA+ mobile network that delivers up to 21Mbps for downlink, an island-wide HFC network that delivers multi-channel cable TV services (including HDTV and on-demand services), an ultra-high speed residential broadband services and an extensive fixed business network that provides a wide range of data, voice and wholesale services.
StarHub was awarded the license to provide fixed network and mobile services on 7 May 1998, when the government announced that telecommunications sector in Singapore would be completely liberalized by 2002. In 2000, the government announced that the date for complete liberalization would be brought forward to 2000, and the 49% cap on foreign ownership of public telecommunications companies in Singapore would be lifted. StarHub was officially launched in April 2000 with ST Telemedia, Singapore Power, BT Group and Nippon Telegraph and Telephone (NTT) as its major shareholders.
In January 1999, StarHub acquired internet service provider CyberWay and it became a subsidiary within the StarHub group. It was renamed as StarHub Internet on 3 December 1999 in a move to integrate CyberWay into the StarHub brand.
In 2001, Singapore Power divested its shares in StarHub and sold its 25.5% stake to ST Telemedia for S$400 million. BT Group subsequently divested its 18% stake as a result of consolidation, after accumulating debt acquired during the bidding round for 3G licenses in the United Kingdom.
In 2002, the company merged with Singapore's sole cable television operator, Singapore Cable Vision. As a result of the merger, it acquired SCV's cable television as well as broadband internet access operations.
StarHub was publicly listed on the Singapore Exchange in October 2004, and a new wholly
StarHub Limited is a full-fledged telecommunications company providing a full range of services over mobile, internet and fixed platforms in Singapore. It is the second largest mobile operator in Singapore. It operates Singapore’s fastest two-way HSPA+ mobile network that delivers up to 21Mbps for downlink, an island-wide HFC network that delivers multi-channel cable TV services (including HDTV and on-demand services), an ultra-high speed residential broadband services and an extensive fixed business network that provides a wide range of data, voice and wholesale services.
StarHub was awarded the license to provide fixed network and mobile services on 7 May 1998, when the government announced that telecommunications sector in Singapore would be completely liberalized by 2002. In 2000, the government announced that the date for complete liberalization would be brought forward to 2000, and the 49% cap on foreign ownership of public telecommunications companies in Singapore would be lifted. StarHub was officially launched in April 2000 with ST Telemedia, Singapore Power, BT Group and Nippon Telegraph and Telephone (NTT) as its major shareholders.
In January 1999, StarHub acquired internet service provider CyberWay and it became a subsidiary within the StarHub group. It was renamed as StarHub Internet on 3 December 1999 in a move to integrate CyberWay into the StarHub brand.
In 2001, Singapore Power divested its shares in StarHub and sold its 25.5% stake to ST Telemedia for S$400 million. BT Group subsequently divested its 18% stake as a result of consolidation, after accumulating debt acquired during the bidding round for 3G licenses in the United Kingdom.
In 2002, the company merged with Singapore's sole cable television operator, Singapore Cable Vision. As a result of the merger, it acquired SCV's cable television as well as broadband internet access operations.
StarHub was publicly listed on the Singapore Exchange in October 2004, and a new wholly