MyRepublic

MyRepublic’s local broadband business will become a StarHub unit by December in a deal worth up to US$162.8 million.

Pay for bills and holidays by using social media, and say hello to India’s newest unicorn

The telco firm has brought in two new recruits from telecom major StarHub and Myanmar-based internet service provider Frontiir.

Gorilla Mobile joins over a dozen telcos and MVNO players in Singapore.

Losses have grown in the last two years as the company chose to prioritize growth.

The telecommunications startup will use the funding to expand its telco cloud platform before an IPO in 18 to 24 months.

2017 saw the region’s startups strike a record US$7.8 billion in funding deals.

The price war, in theory, has been great news for consumers, But the extra-competitive environment has not come without problems for network operators.

The Singaporean telco’s majority shareholders, including Singapore Press Holdings, had reportedly discussed a potential sale with MyRepublic and others.

The internet provider also plans to expand to new markets in Southeast Asia and launch a mobile virtual network in Singapore.