SINGAPORE, Aug. 12 -- Singapore's telecommunications sector is seeing a fresh wave of consolidation, with StarHub completing its S$105.2 million (RM345 million) purchase of MyRepublic's broadband business just a day after Keppel announced plans to sell M1's telecom operations to Simba Telecom for S$1.43 billion.

According to a report published in CNA, StarHub, which already owned 50.1 per cent of MyRepublic Broadband, has bought the remaining 49.9 per cent stake along with the MyRepublic brand in Singapore and key operational assets.

The deal comprises S$94.3 million for shares and S$10.9 million for assets, according to a Singapore Exchange filing.

"This isn't just an acquisition. It's an acceleration," said StarHub chief executive Ni...