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Tata Communications, MyRepublic team up for new mobile offerings
This scale provided by Tata would also enable MyRepublic to enter new markets quickly.ETTelecom | June 21, 2018, 13:18 IST
NEW DELHI:
Tata Communications Thursday entered into partnership with the Singaporean
MyRepublic’s telcotech platform to facilitate the latter’s expansion of home broadband and mobile services.
The cloud-based Tata Communications MOVE platform helps MyRepublic become a
mobile virtual network operator (
MVNO) without having to make any capital investments in its own mobile network infrastructure or service management, the company in a statement said.
Recently, the Singapore-based firm also received an investment of $60 million from CLSA Capital Partners.
"We have always envisioned bringing our brand of digital-first, worry-free mobile services to the market,” Malcolm Rodrigues, Chief Executive Officer, MyRepublic said.
As a platform company, Rodrigues said that the software-defined capabilities of Tata Communications MOVE were not just aligned with our operational philosophy, but also enabled them to introduce our mobile services in an agile, cost-effective, and scalable manner.
“People’s insatiable appetite for mobile connectivity anywhere, anytime, means that there are huge opportunities for Internet Service Providers to generate additional revenues from mobile services both in their home market and in new geographies,” Anthony Bartolo, Chief Product Officer at Tata Communications said.
This scale provided by Tata would also enable MyRepublic to enter new markets quickly.
“The MVNO market is consolidating and within the next five years, 80% of existing MVNOs using a traditional ‘thick model’ will struggle in a market that is transitioning to the cloud,” Dustin Kehoe, Head of Asia Pacific research, GlobalData said.
Tata Communications, according to Kehoe, offers a strong carrier to carrier relationship and supports up to 70% of the world’s network operators.
The global MVNO market is expected to be worth $ 75.25 billion in the next five years, growing at CAGR of 7.4% between 2015 and 2023.
MyRepublic also looks to capitalise on growth by becoming Singapore’s first cloud-based MVNO supported by the Tata Communications MOVE platform with its new mobile services are now available locally in Singapore.
It also has plans to launch similar services in Australia, New Zealand,
Indonesia and other countries soon.
