One year ago, MyRepublic declared interest in becoming Singapore's fourth telecommunication company.
Just one hour ago, BQ found out the update on MyRepublic's facebook fan page, it's quite clear that they will announce to become the 4th telco company in Singapore.
Will your tel bill reduce significantly? Will they offer unlimited 4G data plan? Will other telco join the price war? Let's wait for tomorrow's announcement.
MyRepublic is an internet service provider in Singapore that provides high-speed fibre optic web connections for consumers and enterprises. It celebrated its one year anniversary last week and its numbers look sexy. I met the founders to find out more.After its first year of operation, it has a team of 32 full time staff, 450 resellers of their services, around 10,000 paying subscribers, more than five million Singapore dollars in revenue, and is expected to be profitable by May this year. These are very good stats for a new startup.Singapore has three telcos: SingTel, Starhub and M1, who own the lion’s share of the market. They are the main providers for mobile, cable TV, and internet services in Singapore. Startups who intend to compete with these telcos, which make billions in profit each year, would normally be courting doom battling telecos with huge marketing budgets and extensive distribution channels.