KUALA LUMPUR (Feb 23): GREEN PACKET BHD [] plans to invest RM300 million in capital expenditure this year to sustain its continuing growth.
Group Chief Executive Officer Puan Chan Cheong said this year the company aims to widen its 4G coverage in populated areas in Peninsular Malaysia to 65 per cent from 50 per cent currently.
Its 4G operator and service provider arm, P1, would also expand to Sabah and Sarawak by June, he said.
"Plans to enter Sabah and Sarawak would be implemented phase by phase, starting with Kota Kinabalu. Investment for Kota Kinabalu alone is about RM30,000," said Puan, who is also group managing director, told a press conference.
P1 aims to achieve a subscriber base of more than 500,000 this year by managing its subscriber acquisition activities in line with its network capacity expansion. To date, its subscriber base stands at 380,000.
P1 is currently the fastest-growing broadband provider with 36 per cent market share of new broadband subscribers in areas with P1 network coverage.
On its solutions and TECHNOLOGY [] business, Puan said Green Packet aims to touch 850,000 software licences and 900,000 Wimax CPE shipments this year.
Last year, the company's software licences stood at 742,000 and shipped 803,000 devices.
"We scored a number of wins with major telco players globally, delivering for Telefonica, Spain's largest telco operator, Time Warner Cable, Smart
Communication Inc Philippines, Wateen Telecom Pakistan and Wi-Tribe Group.
"We plan to position ourselves as a leading expert in Wi-Fi data off-loading and transitioning our device portfolio to include long-term evolution technology is on track," Puan said, adding that the company was doing intensive tests and trials for its solutions and devices.
On consolidation talks in the telecommunications space, P1 chief executive officer Michael Lai said the company would always be on the look-out for what was best for its consumers and stakeholders.
"At this point of time, nothing is concrete. As a responsible company, we'll always keep our options open. We'll compete when required and cooperate where necessary," he added. - Bernama
Group Chief Executive Officer Puan Chan Cheong said this year the company aims to widen its 4G coverage in populated areas in Peninsular Malaysia to 65 per cent from 50 per cent currently.
Its 4G operator and service provider arm, P1, would also expand to Sabah and Sarawak by June, he said.
"Plans to enter Sabah and Sarawak would be implemented phase by phase, starting with Kota Kinabalu. Investment for Kota Kinabalu alone is about RM30,000," said Puan, who is also group managing director, told a press conference.
P1 aims to achieve a subscriber base of more than 500,000 this year by managing its subscriber acquisition activities in line with its network capacity expansion. To date, its subscriber base stands at 380,000.
P1 is currently the fastest-growing broadband provider with 36 per cent market share of new broadband subscribers in areas with P1 network coverage.
On its solutions and TECHNOLOGY [] business, Puan said Green Packet aims to touch 850,000 software licences and 900,000 Wimax CPE shipments this year.
Last year, the company's software licences stood at 742,000 and shipped 803,000 devices.
"We scored a number of wins with major telco players globally, delivering for Telefonica, Spain's largest telco operator, Time Warner Cable, Smart
Communication Inc Philippines, Wateen Telecom Pakistan and Wi-Tribe Group.
"We plan to position ourselves as a leading expert in Wi-Fi data off-loading and transitioning our device portfolio to include long-term evolution technology is on track," Puan said, adding that the company was doing intensive tests and trials for its solutions and devices.
On consolidation talks in the telecommunications space, P1 chief executive officer Michael Lai said the company would always be on the look-out for what was best for its consumers and stakeholders.
"At this point of time, nothing is concrete. As a responsible company, we'll always keep our options open. We'll compete when required and cooperate where necessary," he added. - Bernama
