Singapore’s Fiber Broadband Operator Plans to become its Fourth Mobile Operator

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3Q 2014 | IN-1020094

MyRepublic Announced Its Aim to Become a Telco

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MyRepublic, one of Singapore’s Internet service providers, has recently announced its ambition to become a telecom operator in Singapore. In July 2014, MyRepublic received S$30 million in funding from two investors. Indonesian telecom operator Sunshine Network has invested over S$20 million, and French Telco Free has invested S$10 million.

In June 2014, MyRepublic submitted a proposal to Infocom Development Authority (IDA) of Singapore to run as a mobile operator in Singapore. IDA has yet to approve the request: however, if the proposal is approved, MyRepublic will become the fourth telco in Singapore. As of September 2014, Singapore’s telecommunication sector is run by three operators: SingTel, StarHub, and M1. MyRepublic estimates that it needs an investment of S$250 million to S$300 million in its first year to set up its mobile network in Singapore.

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