Info Image

Telecoms Startup MyRepublic Raises $60m as it Debuts Mobile Plans in Singapore

Telecoms Startup MyRepublic Raises $60m as it Debuts Mobile Plans in Singapore Image Credit: weedezign/Bigstockphoto.com

Southeast Asia’s telecoms startup, MyRepublic has secured an investment of US$60m as it prepares to launch new services across the region with plans for a future IPO in Hong Kong in 18-24 months’ time.

The Singapore-headquartered company has to date raised a total capital of US$150 million.

Last week, MyRepublic launched its first commercial mobile service in Singapore, introducing three mobile plans - 7GB of data at S$35 a month, 12GB at S$55 a month, and 25GB at S$85 a month. It has formed an MVNO partnership with StarHub in May to utilise Starhub's mobile network infrastructure to offer mobile services in Singapore.

Unlike telcos operating on existing infrastructure and traditional operational models, MyRepublic will be leveraging its own proprietary TelcoTech platform, allowing it to automate a large chunk of its end-to-end service operations, enabling it to lower costs and increase agility.

According to MyRepublic, the cloud-based TelcoTech platform has enabled the operator to quickly enter new markets, launch new services simultaneously across multiple countries, and operate regionally using a single platform.

TelcoTech which is powered by Hitachi Vantara’s Pentaho Data Integration and Business Analytics platform is able to accelerate the company’s telecommunications technology strategy and enhance its business operations in Singapore, Indonesia, New Zealand and Australia.

Malcolm Rodrigues, CEO, MyRepublic
This investment is a milestone along our path to a public listing and it is the advice and guidance provided by CLSA Capital Partners that has led us to this point. We are excited to have their support and we look forward to continuing our relationship as we work towards taking MyRepublic public.

Author

Executive Editor and Telecoms Strategist at The Fast Mode | 5G | IoT/M2M | Telecom Strategy | Mobile Service Innovations 

Tara Neal heads the strategy & editorial unit at The Fast Mode, focusing on latest technologies such as gigabit broadband, 5G, cloud-native networking, edge computing, virtualization, software-defined networking and network automation as well as broader telco segments such as IoT/M2M, CX, OTT services and network security. Tara holds a First Class Honours in BSc Accounting and Finance from The London School of Economics, UK and is a CFA charterholder from the CFA Institute, United States. Tara has over 22 years of experience in technology and business strategy, and has earlier served as project director for technology and economic development projects in various management consulting firms.

Follow Tara Neal on Twitter @taraneal11, LinkedIn @taraneal11, Facebook or email her at tara.neal@thefastmode.com.

PREVIOUS POST

Turkcell Opens 2nd Data Center in Izmir - Part of its $430M Investment

NEXT POST

Ericsson Launches India's First 5G Innovation Lab at IIT-Delhi