Eileen Yu
for By The Way
| June 23, 2021 — 01:08 GMT (02:08 BST)
| Topic: Telcos
MyRepublic is looking for new revenue in the enterprise space, where it says offers significant growth potential for the Singapore broadband services provider. It plans to ramp up its service offerings to better address this customer segment, with particular focus on cybersecurity where it may look to make acquisitions to plug product gaps.
In fact, it was seeing a good uptick in enterprise growth before the COVID-19 pandemic hit, said MyRepublic’s Singapore managing director Lawrence Chan, and was bringing in the same sale volume as its consumer broadband business.
At the peak of the pandemic, though, sales from the enterprise space had dipped by 20%, he said in a video interview with ZDNet. While it saw some recovery in recent months, with a smaller 10% dip, Chan said it still was too early to say when volumes would return to pre-pandemic levels.
He said, though, that there had been a shift in use cases as businesses looked to ensure their employees could remotely access data and tools sitting within the corporate network. Focus then was on making sure there was no lag in connectivity. He added that more businesses also were migrating from on-premise to cloud services and needed to boost connectivity to their data centre and office network.
Related Topics:
Networking
Tech Industry
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NBN
Eileen Yu
for By The Way
| June 23, 2021 — 01:08 GMT (02:08 BST)
| Topic: Telcos