StarHub CEO rebuffs talk of merger with M1, says keen on boosting profit of cyber-security unit

SINGAPORE - Mainboard-listed StarHub chief executive Peter Kaliaropoulos rebuffed speculation of a possible merger between the telco and its 5G bid partner M1 at its virtual annual general meeting on Friday .

The cyber-security business clocked a full-year turnover of $145.7 million in the 12 months to Dec 31, 2019, but also chalked up losses of $21.8 million. Manufacturing and healthcare clients offer short to medium-term cyber-security growth opportunities, even as Ensign looks to grow in the Asia-Pacific, he added.

But he quashed the notion that StarHub is angling for a merger with Keppel-owned M1. While the two telcos are set to share the costs in a joint roll-out of 5G network infrastructure, Mr Kaliaropoulos stressed that the partners"will launch their own offerings and solutions for customers with separate go-to-market strategies".

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FCA-PSA deal terms 'set in stone' for 50-50 mergerTerms of a planned merger between Fiat Chrysler and Peugeot-owner PSA are set in stone, FCA's chairman said on Wednesday, brushing off talk that ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Tennis: Konta wants ATP/WTA to be a merger of equalsBritish number one Johanna Konta feels a merger of the women's governing WTA tennis body with the men's ATP makes sense but stressed it must only ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Rationale for FCA-PSA merger deal 'stronger than ever': ElkannThe reasons behind the proposed merger of car makers Fiat Chrysler and Peugeot-owner PSA are 'stronger than ever' as the COVID-19 pandemic adds ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »