Could the M1 acquisition bring MyRepublic back to the telco race?
It is reportedly in talks of seeking support for M1 bid.
After MyRepublic lost its bid for a 4G spectrum to TPG Telecom during the fourth entrant auction held last December, a potential M1 bid could spur a second chance for the group to re-enter the telco race.
According to RHB, if MyRepublic is successful in its takeover of M1, it would revive its aspiration to become a 4G mobile operator in Singapore.
"MR stands to gain from M1’s already extensive 3G/4G network, a strong base of customers to cross-sell and M1’s strong distribution and sales channels. In our view, an MR-M1 union, if it materialises, would place M1 in a stronger position to stave off competition from TPG, which may look to bundle a mobile service with a fixed broadband offering to capture subscribers," RHB said.