Singapore mobile operator will pay an estimated 111 million ringgit ($26.17 million) for a 70% stake in Glocomp Systems and its two affiliated companies, in a move that M1 says will expand its cloud and managed services business.  

Singapore telco says it is in the second phase of its "transformation and growth" journey, during which it aims to become a "full-on digital life" and digital services provider, as well as achieve gross profit growth of SG$220 million ($161.5 million) through to 2026.  

Spanning 22,000km and expected to be ready in 2025, the Hawaiki Nui subsea network is touted to have a design capacity of 240Tbps linking Southeast Asia, Australasia, and North America, with Mora Telematika Indonesia as a telecom partner.  

The wireless carrier reported Q3 revenues slightly below market expectations.  

StarHub is forking out $162.8 million to acquire a 50.1% stake in MyRepublic's consumer and enterprise broadband operations in Singapore, which account for 6% share of the local market.