Singapore Wireless Wannabe MyRepublic Eyes Profit in Three Years
- Targets more than 250,000 users in first year, 3% of market
- Aims to win spectrum auction for country's fourth provider
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MyRepublic Ltd., bidding to become Singapore’s fourth mobile-phone carrier, says its lower costs mean it can start with a small subscriber base and still be profitable within three years of winning a license.
The Internet service provider expects to get at least 250,000 customers in its first year as a carrier, should it win a spectrum auction expected later this year, Chief Executive Officer Malcolm Rodrigues said in an interview on Monday. The company intends to build that to a 9 percent market share, or more than 700,000 users, within five years, by offering unlimited data plans, he said.