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StarHub Ltd.

Company Background

StarHub offers a full range of information and communications services to both corporate and individual customers in Singapore, including fixed-line telephone services, a mobile network, a multichannel pay TV network and broadband Internet services. The company was created in 1998 by a consortium led by Singapore Technologies Telemedia, a unit of Singapore's state-owned investment firm Temasek Holdings, as a part of telecommunications market liberalization efforts at the time. StarHub officially launched operations in 2000, and was listed on the Singapore Stock Exchange in 2004. Temasek Holdings is the largest shareholder of StarHub, with a majority stake, followed by Japan's Nippon Telegraph and Telephone (NTT).

Tan Tong Hai was appointed CEO in 2013. Prior to joining StarHub in 2009 as chief operating officer, Tan held management positions at various Internet-related companies, including IBM Asia Pacific. In the face of heated price competition especially in broadband services, StarHub is adding new services to encourage the bundled use of services across different devices. One of such efforts is StarHub's "TV Anywhere" service which allows pay TV subscribers to watch TV programs on their Internet-enabled mobile devices.

Business Summary

StarHub Ltd. is engages in the operations of telecommunications services and other businesses relating to the info-communications industry. It operates through the following segments: Telecommunications, Cyber Security and High Security Assurance Product. The company was founded on May 7, 1998 and is headquartered in Singapore.

Financial Highlights

Dec 2022 SGDUSD
Gross Profit704.40M510.80M
Operating income155.20M112.54M
Income before tax89M64.54M
Net income54.30M39.37M
Diluted EPS0.030.02
Dividends Per Share0.050.03
Total Assets3,133.90M2,336.63M
Total liabilities2,649.90M1,975.76M
Total equity330.50M246.42M
Operating cash flow340.60M246.99M
Currency in SGDCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 2,362M 2,330.60M 2,028.80M 2,042.60M 2,327.30M
Gross Profit 719.90M 617.30M 470.60M 514.30M 704.40M
Operating income 282.50M 244.60M 192.70M 216.80M 155.20M
Income before tax 246.50M 219.10M 192.30M 185.10M 89M
Net income 193.80M 178.40M 150M 141.40M 54.30M
EBITDA 573.70M 605.80M 499.20M 495.80M 421.70M
Diluted EPS 0.11 0.10 0.08 0.08 0.03
Dividends Per Share 0.16 0.09 0.05 0.06 0.05
Total Assets 2,653.50M 2,733.90M 2,931.30M 3,242.90M 3,133.90M
Total liabilities 2,265.10M 2,353.60M 2,504.70M 2,746.60M 2,649.90M
Total equity 308.10M 318.20M 338.40M 389.60M 330.50M
Operating cash flow 390.80M 411.50M 535.70M 608.20M 340.60M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 1,750.53M 1,708.40M 1,470.79M 1,519.94M 1,687.68M
Gross Profit 533.53M 452.50M 341.16M 382.70M 510.80M
Operating income 209.36M 179.29M 139.69M 161.32M 112.54M
Income before tax 182.68M 160.60M 139.40M 137.73M 64.54M
Net income 143.62M 130.77M 108.74M 105.21M 39.37M
EBITDA 425.18M 444.07M 361.89M 368.93M 305.80M
Diluted EPS 0.08 0.07 0.06 0.06 0.02
Dividends Per Share 0.11 0.06 0.03 0.04 0.03
Total Assets 1,946.80M 2,033.16M 2,217.90M 2,405.44M 2,336.63M
Total liabilities 1,661.84M 1,750.34M 1,895.13M 2,037.31M 1,975.76M
Total equity 226.04M 236.64M 256.04M 288.98M 246.42M
Operating cash flow 289.63M 301.64M 388.36M 452.57M 246.99M

Valuation Measures

Dec 2022
Operating margin6.66%
Profit margin2.33%

Key executives

  • Chief Executive Officer & Executive Director: Nikhil Oommen Jacob Eapen
  • Chief Financial Officer: Choon Hwee Chia
  • Chief Technology Officer-Transformation & Product: Ayush Sharma
  • Chief Technology Officer-Network Operations: Siew Loong Chong
  • Head-Information Services: Yaw Yee Kee


  • Singapore Technologies Telemedia Pte Ltd. (55.7%)
  • Nippon Telegraph & Telephone Corp. (9.9%)
  • DBS Group Holdings Ltd. (1.3%)
  • The Vanguard Group, Inc. (0.8%)
  • Dimensional Fund Advisors LP (0.5%)
  • Norges Bank Investment Management (0.5%)
  • BlackRock Fund Advisors (0.4%)
  • CHOO PIANG WONG (0.2%)
  • StarHub Ltd. (0.2%)

Contact Details

  • Website:
  • Address: No. 05-01 StarHub Green, 67 Ubi Avenue 1, Singapore, 408942, Singapore
  • Phone: +65.6825.5000

Related Companies

  • Malaren International Sdn. Bhd.
  • HKBN JOS (Malaysia) Sdn. Bhd.
  • Starhub Ltd. /Cyber Security Business/
  • Starhub Ltd. /2 Subsidiaries/
  • Accel Systems & Technologies Pte Ltd.
  • StarHub, Inc.
  • StarHub (Hong Kong) Ltd.
  • StarHub (Mauritius) Ltd.
  • StarHub Shop Pte Ltd.
  • StarHub Internet Pte Ltd.
  • Singapore CableVision Pte Ltd.
  • Nucleus Connect Pte Ltd.
  • StarHub Mobile Pte Ltd.
  • StarHub Online Pte Ltd.
  • StarHub Cable Vision Ltd.
  • HKBN Jos Singapore Pte Ltd.


    Last Updated on 31 Mar, 2023

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