Thursday, August 7, 2014

Telekom Malaysia and SK Telecom Invest in P1

The shareholders of Green Packet Berhad approved an agreement under which Telekom Malaysia and SK Telekom (Korea) will invest in Packet One Networks (P1). The deal was initially announced on March 27.
P1 operates a WiMAX network in Malaysia and is transitioning to LTE.

Group Managing Director, CC Puan said “The strong shareholder support received today sets a clear path for P1 to grow to its fullest potential and realize its future business plan and LTE transition. GPB will benefit from P1’s direct entry into the mobile market which instantaneously grows P1’s addressable market size to RM34.5b, a four times growth”.