MyRepublic Exits Australian Market, Sells to Superloop

non-core promise on 04/01/2023 - 21:11
Last edited 04/01/2023 - 21:26 by 1 other user

MyRepublic and Superloop expect the bulk of the subscriber migration to take place in February 2023 pending the completion of network transition.

https://myrepublic.net/sg/press-release/myrepublic-exits-aus…

The agreement comes as MyRepublic effects a strategic refocus towards profitability and liquidity, lowering costs of operations and a renewed focus on its broadband and mobile businesses in Singapore.

Malcolm Rodrigues, Group CEO and Co-founder, MyRepublic said, “I love our Australian business. The amazing work that the team has done for MyRepublic these past few years has been a personal point of pride for me. After much deliberation however, we have made the decision to pivot towards a profitable business as we move into the next phase of our journey.

This implies that the profit margin on Australia's NBN is too low for them and they believe they will be better off focusing more on their (supposedly higher profit) telco operations in Singapore. It does matches up with Telstra's complaints about their NBN profit margins.

Internet Broadband nbn

Related Stores

MyRepublic
MyRepublic
Superloop
Superloop

Comments

  • Clear on 04/01/2023 - 22:28
    +2

    MyRepublic went to shit years ago. I used them at the beginning like most OzBargainers and not long after the speeds dropped.

    Not a big loss. At least they're not closing like Zoom Berry Nice Broadband.

  • jizmo on 04/01/2023 - 22:36
    -1

    who cares about these fairy's
    Optus/singtel Voda TPG all made it amongst 100's more

  • Morien on 04/01/2023 - 22:41
    +4

    iiNet board voted to sell to TPG for this same reason. They just saw the writing on the wall a lot earlier than others seemed to. NBN wholesale prices are simply far too high. Maybe if they didn't pay 11 billion to Telstra and Optus for the privilege of taking their waste off of their hands then they wouldn't now be screwing the Australian public over with their unreasonably high prices?

    • [Deactivated] on 04/01/2023 - 23:36
      +2

      No. NBN planned to make more money per user year on year. The problem is the Australian public have no intention of paying more.

      • Morien on 05/01/2023 - 13:42

        No discrepancy here, except after the copper purchase they can say "look, we HAVE to, alright?"

        • [Deactivated] on 05/01/2023 - 17:00

          It has absolutely nothing to do with spending money on Optus and Telstra, and they have never used that as a reason. If they didn't do that, their prices would still be high, and still be looking to make them higher. ISPs complained about CVC, so they proposed to just increase AVC over time, and scrap CVC. ISPs didn't like that either.

          They're a for profit company, but also a monopoly, and essential service, beholden to the government of the time. They have made several incorrect assumptions. They stated that no one wants gigabit, which is obviously not true. Some people do, and are willing to pay for it. They also assumed that over time, people would want to pay more for internet. Obviously that is not the case either.

          Apart from increasing revenue overall, and revenue per user, they also have the goal of increasing average internet speeds, so the whole NBN doesn't look like a huge waste of money. The problem of course is that no one is willing to pay more, and while higher speeds would be nice, most people decide based on cost, not speed.

          • Morien on 06/01/2023 - 00:51

            @[Deactivated]: Sigh. Prices should go down over time, and if the plan was always to push them up without the need to do so, that sucks!

            Thanks for the correction.

  • OMGJL on 05/01/2023 - 00:59
    +2

    good. MyRepublic only have rented one sydney PoP, yet dare to charge their user $10 for "gaming route" which would "greatly reduce ping".

    They are lucky that they didn't go straight to bankrupt.

  • NotAnAudiophile on 05/01/2023 - 08:02

    All I remember is my republic was dog slow.

  • blamesociety on 05/01/2023 - 14:02
    +1

    I've been on 100/40 FTTP with MR for $79.99 since the start of 2017. Very few issues and speed is great. I've received no direct communication from them about this change other than an email this morning telling me that NBN is performing maintenance on the MR network on 31/01/23. The equivalent plan with Superloop is $84.95 for the first 6 months and $99.95 after that. Sigh.

  • rk8 on 19/01/2023 - 00:39

    So Superloop is willing to spend $250 per subscriber, so there has to be some profit in it, otherwise why would they bother?

    https://www.arnnet.com.au/article/704524/superloop-buys-myrepublic-nbn-subscribers/

    i have internet with myRepublic and they still havent officially communicated the closure or how the changeover to superloop will work.
    Hoping Superloop is going to offer a deal for us to stay or i'm most likely going to move to More with the CBA offer

    • noddypiper on 25/01/2023 - 19:00

      I only got the notification yesterday.
      Went from FTTN to FTTP a few months ago, and I can't fault them, it's in the peak period now, and I'm getting 750D 42U.
      On a gig plan and found the speeds great. I'm hoping the new company is ok.

  • mewx on 25/01/2023 - 21:27

    That means that you will be migrated to Superloop on your existing internet plans and prices.

    Not too bad tho.

  • jalalii on 25/01/2023 - 21:36

    Copped a credit check a week ago when I applied to exetel, which is due to transfer by mid Feb. Question is will SL get better or worse with this flux of subscribers

    • Irishness on 31/01/2023 - 11:59

      given they have already widened their support team to integrate exetels (overseas) I think it'll only get worse

  • noddypiper on 26/01/2023 - 07:19

    Hi, in anyone's opinion who would have the best value high speed plan at the moment.
    Looking for something like a 500/50 or 1000/50 which I have now with MyRepublic.
    I will be with Superloop soon and once my 1000/50 plan expires they don't seem to have that plan and 500/50 is the highest.

  • noddypiper on 15/02/2023 - 17:06

    Hi, happy with Superloop so far.
    Getting 940D 45U in peak times, superfast.

  • alxr0101 on 16/03/2023 - 14:07

    worst…RSP..ever…

    I joined when they launched and their Support processes were diabolically stupid. Their tech support always ended up with "try turning it off and back on again…" despite factual evidence that this would not do anything.

    Even leaving was a nightmare.

Login or Join to leave a comment
Login Join