Local fibre broadband operator, MyRepublic, and new company, airYotta have applied to take part in Singapore's upcoming 4G airwave auction. According to MyRepublic's Facebook account, both companies submitted their Expression of Interest (EoI) to Infocomm Development Authority of Singapore (IDA) on 1 September 2016.
MyRepublic's Chief Executive Officer Malcolm Rodrigues explained that the company had invested a hefty sum in providing fibre broadband connection to households,and wants to continue expanding its mobile space. In addition, financial bodies have injected more funds in MyRepublic to support its fourth telco plan.
"It's not about cutting prices; we want to build a telco that runs on new economic, built from the ground up for the next generation of mobile services," added Rodrigues.
On the other hand, airYotta, which is led by Michale DeNoma, plans to reach its telco ambition by meeting consumers' constant demand for mobile data.
"The mobile industry is facing a major disconnect between demand and supply of mobile data capacity, exacerbated by video-streaming, new applications and services," said DeNoma.
Previously, Consistel, a wireless solutions network company in Singapore, was issued with a S$300,000 fine for breaching its licensing obligations by submitting false documents to IDA to sell the Sports Hub's telecommunication systems. According to a news statement, Consistel was expected to be one of the bidders for the telco license.
The results for the fourth mobile operator will be tentatively announced in early October.
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