StarHub
 |
|
| Public company (SGX: CC3) | |
| Industry | Telecommunications |
| Founded | May 7, 1998 |
| Headquarters | Singapore, StarHub Green |
|
Key people
|
Terry Clontz (Chairman) Tan Tong Hai (CEO) |
| Products |
Digital TV Cable television IPTV Broadband Internet Telephone Mobile |
| Revenue |
 S$2.44 billion (2015) |
|
Number of employees
|
Approximately 2,700 |
| Website | www |
StarHub Ltd is one of the three major telcos in the Republic of Singapore, the other two being Singtel and M1.
StarHub was awarded the licence to provide fixed network and mobile services on 7 May 1998, when the government announced that the telecommunications sector in Singapore would be completely liberalised by 2002. In 2000, the government announced that the date for complete liberalisation 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 licences 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.
On 12 January 2007, Qatar Telecom acquired a quarter of ST Telemedia's shares in StarHub.
On 1 May 2009, the Infocomms Development Authority of Singapore announced that StarHub's wholly owned subsidiary, Nucleus Connect, was selected as the Operating Company (OpCo) to design, build and operate the active infrastructure of the Next Generation Nationwide Broadband Network (Next Gen NBN). Next Gen NBN is now simply known as Nationwide Broadband Network or NBN.
On 14 July 2009, StarHub announced the retirement of long-standing chief executive Terry Clontz. Neil Montefiore, the former chief executive of the country's smallest telecommunications company M1 Limited, took over as chief executive officer on 1 January 2010. Terry Clontz remains as a non-executive director of StarHub.
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Wikipedia