SINGAPORE (July 7): RHB Research is keeping its “neutral” rating on Singapore’s telecommunications sector, even as MyRepublic on Thursday announced it is seeking to become a mobile virtual network operator (MVNO) in Singapore.
MyRepublic CEO Malcolm Rodrigues at a press conference on Thursday said it does not intend to acquire M1 after its failed bid to become Singapore’s fourth telco operator.
Instead, the fibre broadband services provider says it will buy mobile bandwidth wholesale from one of the republic’s three incumbent telcos to become a MVNO.
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