MyRepublic exits Australia broadband market to refocus on ‘profitability’
MyRepublic has unveiled its exit from Australia, as it looks to "refocus" on profitability and cut its operational costs. The move will involve moving its subscriber base to Superloop next quarter. The Singapore-based internet service provider (ISP) said in a statement Saturday the subscriber transfer agreement, which kicked in from December 23, encompassed the acquisition of its residential and enterprise subscribers on Australia's national broadband network (NBN), but not its assets or liabilities. Headquartered in…