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PR Newswire
02-03-2016, 10:30 AM
MyRepublic biz plan to investors? Time to digest, before further view.
Singapore wireless wannabe MyRepublic eyes profit in three years
SINGAPORE (March 2): MyRepublic Ltd, bidding to become Singapore's fourth mobile-phone carrier, says its lower costs mean it can start with a small subscriber base and still be profitable within three years of winning a license.
The Internet service provider expects to get at least 250,000 customers in its first year as a carrier, should it win a spectrum auction expected later this year, Chief Executive Officer Malcolm Rodrigues said in an interview on Monday. The company intends to build that to a 9% market share, or more than 700,000 users, within five years, by offering unlimited data plans, he said.
While former monopoly Singapore Telecommunications Ltd has about half of the mobile service market to itself, MyRepublic expects to have a cost advantage as a new entrant in one of Asia's most expensive wireless markets for users. Rodrigues said MyRepublic will need about $300 million, less than a third of the conventional infrastructure cost, to build a 4G network nationwide as the company will operate from facilities already used by its Internet business.
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http://www.theedgemarkets.com/sg/article...hree-years
Singapore wireless wannabe MyRepublic eyes profit in three years
SINGAPORE (March 2): MyRepublic Ltd, bidding to become Singapore's fourth mobile-phone carrier, says its lower costs mean it can start with a small subscriber base and still be profitable within three years of winning a license.
The Internet service provider expects to get at least 250,000 customers in its first year as a carrier, should it win a spectrum auction expected later this year, Chief Executive Officer Malcolm Rodrigues said in an interview on Monday. The company intends to build that to a 9% market share, or more than 700,000 users, within five years, by offering unlimited data plans, he said.
While former monopoly Singapore Telecommunications Ltd has about half of the mobile service market to itself, MyRepublic expects to have a cost advantage as a new entrant in one of Asia's most expensive wireless markets for users. Rodrigues said MyRepublic will need about $300 million, less than a third of the conventional infrastructure cost, to build a 4G network nationwide as the company will operate from facilities already used by its Internet business.
...
http://www.theedgemarkets.com/sg/article...hree-years
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