ASTL acquisition to strengthen StarHub's fixed network service segment

The segment accounts for 17% of the group revenue.

StarHub's recent acquisition of a 51% stake in cyber security solutions provider ASTL for $19.4m could boost its fixed network segment, a report from RHB said.

Whilst Starhub’s deal and transaction value is small when compared to Singtel which acquired Trustwave in 2015 for $810m, RHB believes that the acquisition will help strengthen StarHub’s fixed network services and enterprise suite of managed services where cyber security solutions form an inherent part of the overall service/product offerings. The segment forms 17% of StarHub's revenue.

"StarHub would also benefit from ASTL’s portfolio of customers including key multinational companies and government agencies, allowing for cross-selling potential, in our view. The acquisition is also expected to complement StarHub’s investments in smart nation projects and the eventually rollout of 5G networks," the brokerage firm said.

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