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StarHub Ltd Annual Report 2015
The Broadband business has been challenged over the past two years, Overview
with intense price competition. We note that the drop in our Broadband
revenue has turned the corner. We will grow our business by offering
better value and bundled packages.
broadband fixed As a leading player in this industry, we have built a solid foundation and
network reputation for being the first with a long list of innovative products and
services that has encouraged the competition to follow suit. Consumers,
51.1% 1.7% and increasingly, business customers, will enjoy better value and services Strategy
from us.
YOY GROWTH 2015
IN FIBRE REVENUE GROWTH Board Changes
CUSTOMERS Data & Internet service On behalf of the Board and Company, I would like to thank Mr Tan Guong
revenue grew 3.2% YoY Ching, our long-serving Chairman who retired on 15 July 2015, for his
Total fibre broadband to $331.1 million, mainly leadership of the Company.
customer base at 270k
was 51.1% above last year. due to the increased Guong Ching was first appointed to StarHub’s Board on 8 August 1998
take up of managed Data and became our non-executive Chairman on 1 April 2001. Under his
17-year guidance, the Company’s revenue grew from $778 million in
& Internet services by 2001 to $2.4 billion in 2014. He also led the Company to its successful
enterprise customers. IPO in 2004.
In September, another of our long-serving non-executive director Performance
Mr Kua Hong Pak, who was also chairman of the Audit Committee, stepped
down. We thank him for his 14 years of dedicated and invaluable service.
CORPORATE KNIGHTS’ A global ranking of the Please also join me in welcoming two new independent directors.
GLOBAL 100 LIST Mr Paul Ma Kah Woh is the chairman of Mapletree Logistics Trust
world’s most sustainable Management Ltd, and was a senior partner of KPMG Singapore. He
replaced Hong Pak as chairman of the Audit Committee.
Ranked 24th corporations with
market value of at least
US$2 billion.
STARHUB REMAINS THE Ms Rachel Eng Yaag Ngee, is the Joint Managing Partner at Governance & Sustainability
WongPartnership LLP. She is a well regarded and outstanding corporate
OnlyTelcoin Singapore lawyer. We will tap into her vast experience in the capital markets.
to receive the above global recognition. I look forward to working closely with my fellow board members, and
Tong Hai and his team, to continue to deliver more value to our business
partners, stakeholders, and of course, our customers. Most important of
all, I hope to rely on you, my fellow shareholders, for your support.
We look forward to meeting you at the upcoming Annual General Meeting.
Steven Terrell Clontz Financials
Chairman