SINGAPORE: There are plenty of assumptions that would need to fall MyRepublic’s way, as well as a helping hand from local regulator Infocomm Development Authority of Singapore (IDA), before the fiber broadband provider can realise its goal of becoming the fourth telecom operator in Singapore. In an interview with Channel NewsAsia on Thursday (June 26), MyRepublic CEO Malcolm Rodrigues acknowledged that the road to become the new telco in an already-saturated market is fraught with obstacles. These range from regulatory constraints, to initial cost outlay, and likely resistance from the three incumbents – SingTel, StarHub and M1 – “all along the way”.
Smartphone owners in Singapore subscribe to either SingTel, StarHub, or M1, the country’s three major telcos. Now, MyRepublic has declared interest to be the fourth player. Its key attraction? A 4G mobile plan with “unlimited” data, which is practically unheard of in Singapore. “Global experience from other markets shows that markets with three mobile operators – typically characterized by a lack of price competition, mediocre quality of service and pent-up innovation – can be made to deliver more value to consumers by the introduction of a fourth mobile operator,” it says in a not-so-subtle dig at the incumbents.