StarHub Limited (SGX:CC3) is Singapore’s second largest telecommunications company. It’s valued at just over $7bn, and supplies Pay TV (StarHub TV), mobile phones (StarHub Mobile), broadband (StarHub Internet), and landline telephone services (StarHub Voice) to many of Singapore’s residents.
In addition, it also offers services such as online storage, email and even an e-bookstore.
But did you know…
- Its main shareholders are Asia Mobile Holdings Pte. Ltd, a subsidiary of Singapore Technologies Telemedia Pte. Ltd (which is owned by Temasek Holdings – the investing arm of the Singapore government) and NTT Communications Corporation – one of the world’s largest telecommunications companies.
- In 2006, StarHub became the first operator in the world to commercially launch a 100 Mbit/s (100,000 kbit/s) residential broadband service nationwide.
- It has been one of the highest yielding blue chip companies this year, with a dividend yield of 4.89%.
Of course, mention StarHub to any of Singapore’s numerous football fans and you’re likely to hear all about its complicated ongoing negotiation / battle with SingTel (SGX:Z74) for the lucrative rights to show English Premier League matches.
But there’s more to life than football, and StarHub certainly seems to be looking into technology, with its latest foray into mobile wallets.
Just tap, and pay…
Its Smart Wallet App will allow customers with NFC enabled smartphones to store credit card and EZ-Link details, allowing them to pay for goods, services and even buy and print cinema tickets, all by essentially ‘tapping’ their mobile phone (provided they’re willing to fork out $26.75+ for a new NFC SIM card first). And with rival telcos SingTel (SGX:74) and M1 Ltd (SGX:B2F) hot on their heels with their own mobile wallets, StarHub clearly isn’t alone in believing cashless payments to be de rigueur in the future.
Whatever happens, as we’re unlikely to stop watching TV, surfing the net or using our phones, no matter what inflation does, StarHub is likely to remain a stable choice for many for a while yet.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Alison Hunt doesn’t own shares in any companies mentioned.