Singapore MVNO and broadband services provider MyRepublic is reportedly planning a bigger move into the city-state’s enterprise market, as it seeks to capitalise on what it sees is the ‘significant growth potential’ in the sector. In an interview with ZDNet, the company’s managing director Lawrence Chan confirmed the change in focus noting that the ISP is particularly keen on cybersecurity and is looking at M&A inroads to ‘plug’ gaps in its portfolio.
Chan said that MyRepublic, which was witnessing solid growth in terms of enterprise revenues before COVID-19 and delivering the same turnover as its consumer business, now aims to ramp up its service offerings in the enterprise space. According to the official, the operator had 70,000 mobile subscribers in May this year, up 250% year-on-year, and 85,000 broadband subscribers. Further, he claimed MyRepublic supports around 6,000 enterprise customers, including small and midsize businesses (SMBs) and large organisations, which includes ‘players in the financial services industry (FSI) as well as food and beverage, construction, and hospitality sectors’.