According to an interview with e27, a MyRepublic spokesperson confirmed that it has already begun the process of applying to become an official telco and is in talks with Information Development Authority (IDA).
“MyRepublic is in talks with the IDA about becoming Singapore’s 4th telco, though we are currently in the proposal phase and the IDA has yet to make a decision on this matter,” MyRepublic told e27.
Earlier today too, MyRepublic officially shared on its Facebook page that they will be making “major” announcements tomorrow, teasing that “it is time”. The Facebook post was also accompanied by what seems to be an image of a mobile network operator.
From the comments of the post, it seems like there are already people who would switch over to MyRepublic if they offer better telco deals than other existing telcos.
“Wow, if 4G and Data Cap higher than the other telcos are providing, I can ditch my long expired 12GB 3G and switch”, said Benjamin Wong.
MyRepublic has been known for providing high-speed 1Gbps fibre broadband plans to Singaporeans at prices which are several times cheaper than similar plans from other retail service providers. Because of that, it has garnered a fair share of support from Singaporeans.
The other three telcos in Singapore are namely Singtel, Starhub and M1.
If MyRepublic do end up being the fourth telco in Singapore, it certainly means good news for customers like us, because more competition equals to more innovation and hopefully better deals for customers!