Singapore broadband services provider MyRepublic has promoted Yap Yong Teck to president from his previous roles as group managing director.
The company said the move is part of its new business strategy, which is expected to lead to a stock market listing with an initial public offering (IPO).
As president, Yap will be responsible for driving growth, operational efficiency, and developing synergies across the company’s service businesses in Singapore, Australia and New Zealand.
In a recent vision document, MyRepublic said that it was looking at twin engines of growth.
The first is what it calls the service engine, comprising consumer and enterprise connectivity businesses, including broadband and mobile units.
This business, according to the company, has grown at a compound annual growth rate (CAGR) of 26 percent over the past four years and has 260,000 subscribers across the three countries.
Its second growth engine is the platform business which is telco-to-telco and uses “next-generation digital technologies” to bring MyRepublic’s cloud-based “proprietary software” to telcos around the region.
On March 21, Singapore telco, StarHub, completed the acquisition of 50.1 percent of MyRepublic's fibre broadband business for residential and enterprise customers in Singapore.
The company said Yap, in his previous role as group managing director of country operations and managing director of MyRepublic Singapore, played “a leading role” in launching and developing MyRepublic’s mobile business, where he established the business as a key growth engine, alongside MyRepublic’s broadband and enterprise businesses.
Before joining MyRepublic, Yap was general manager at Singapore telco M1, and he has over 30 years of experience in the ICT industry.