Telcos: SingTel, together with its peers (M1 and Starhub), share prices for the three telco companies have taken a hit today, perhaps due to the completion of fund raising by potential new entrant, MyRepublic.
Over the weekend, MyRepublic secured funding of US$16m ($23m), mainly from Brunei telco DST Communications.
MyRepublic is gunning to be the fourth telecommunications provider in Singapore, after SingTel, Starhub, and M1.
DST’s investment into MyRepublic is expected to help the upstart telco to push its Mobility Trial this Oct. The company is exploring small cell LTE technology, which doesn’t require the use of large base towers to work. Instead, it uses small LTE units that allow for better coverage in enclosed spaces and moving vehicles.
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