Business

Friday October 23, 2009

Green Packet enters Singapore market


Its unit has acquired a facilities-based operator licence and wireless broadband access spectrum right

PETALING JAYA: Wireless broadband operator Green Packet Bhd is venturing into Singapore as part of a wider strategy to expand in the Asia-Pacific region.

The company yesterday told Bursa Malaysia it had, via subsidiary Packet One Networks (M) Sdn Bhd (P1), acquired a facilities-based operator (FBO) licence and wireless broadband access (WBA) spectrum right from Singapore-based Pacnet Internet Corp (S) Pte Ltd for RM6.91mil.

P1 is the WiMAX operator and service provider arm of Green Packet.

Green Packet group managing director and group chief executive officer C.C. Puan said the extension into Singapore was a first step towards realising the mission of building “a multi-market, pan-regional footprint and to become South-East Asia’s leading 4G WiMAX operator”.

He added that Singapore offered an excellent reference platform and test-bed as an advanced market for the company and P1 to develop innovative seamless mobility technology and applications.

Puan said P1’s entry into Singapore “is also expected to deliver immediate benefit and competitive proposition of roaming for its subscribers”.

“As an indication of the market size and demand for roaming services, cross-border visitor arrivals between the two countries totalled 11.65 million in 2008, according to tourism statistics,” he said.

P1 chief executive officer Michael Lai said Singapore presented a tremendous opportunity due to the island’s advanced mobile data demand.

He said P1 would also offer supplementary bandwidth to which existing telecommunications companies could offload data traffic to minimise network congestion.

Lai said P1 also planned to bundle mobility to fibre-to-the-home players to complement their services.

Green Packet had also recently received approval from the Malaysian Communications and Multimedia Commission to roll out WiMAX services in east Malaysia.


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