The proposed transaction will consolidate and strengthen StarHub's position in the Singapore broadband market, expanding its market presence to 40% and steering long-term business growth. In the future, MyRepublic's broadband customer base will stand to gain access to enhanced offerings from StarHub's Consumer and Enterprise Business Groups, including the growing suite of products and services offering connectivity, Over-the-top content, cloud gaming and other experiences. The partnership would also create mutually beneficial opportunities through scale and synergies – in terms of joint go-to-market opportunities, future wholesale offerings, and cost savings. In addition to equity, StarHub has agreed to refinance $74.2 million of debt for MyRepublic for a period of three years, on completion of the transaction.