Sinar Mas has made an additional investment in the broadband service as it applies to be Singapore's fourth mobile network operator.
Singapore-based broadband service provider MyRepbulic has raised S$30m (US$24.1m) in funding, with S$20m (US$18m) coming from Sunshine Network, the telecommunications subsidiary of conglomerate Sinar Mas, Channel News Asia has reported.
The other S$10m (US$8m) came from Xavier Niel, the founder of French telecommunications company Free.
In May, energy company Dian Swastatika Sentosa, also a part of Sinar Mas, invested US$3.5m in MyRepublic in return for a 5.9% stake.
The latest funding came a month after MyRepublic submitted a proposal with…
