For a while now rumors have been rife that Singaporean startup ISP MyRepublic, which has in a very short span of time collected a devoted legion of fans, would become Singapore’s fourth telco, shaking up the traditional Singaporean telco oligopoly consisting of SingTel, Starhub and M1.

Today, a MyRepublic spokesperson confirmed this, exclusively to e27, saying that MyRepublic has already begun the process of applying to become an official telco and is in talks with Information Development Authority (IDA).

The full statement reads as, “MyRepublic is in talks with the IDA about becoming Singapore’s 4th telco, though we are currently in the proposal phase and the IDA has yet to make a decision on this matter.” (Sic)

Also Read: MyRepublic launches in New Zealand, now an MNC

The spokesperson further shared that details will be revealed during the press conference going to be held tomorrow, March 18, 2015.

This is big news and we await to see how the current telcos will react to the development.

We will keep you updated as this matter proceeds.

Update 3/18: We have removed ‘Exclusive’ from the headline as it may have been misleading. It refers to the statement issued to e27 by MyRepublic’s spokesperson and not to the news itself.