Struggling 3G Telco, U Mobile has finally gotten into the news again with the announcement of Singapore’s Technology Telemedia to invest 33% stake in the company. U Mobile is majority owned by UTV – U Television Sdn Bhd with Tan Sri Vincent Tan as chairman. The total investment is said to be worth over RM1 billion.
After its bad experience with the Koreans & Japanese, Tan Sri Vincent Tan has clarified that the deal with STT is different from KT Freetel and NTT Docomo. STT does not have an sell-back option if the deal doesn’t go well as planned which was obviously practised by its former strategic partners. The big man said it in his own words, jokingly: “Once bitten, forever shy.”
With this new investment, it will definitely give hope to U Mobile to gain some grounds in the telco industry. In terms of dealers, they have already made in roads nationwide and to date they have captured about 4% of the telco market. What they need now are exciting products and services to stay relevant as the 4th 3G operator in Malaysia.
They have a lot of catching up to do and we look forward for a come back.
[ SOURCE ]
Related Links
U Mobile Press Release
U Mobile to sign deal with STT
Lazada says its LazMall segment recorded strong growth during its recent Birthday Sale campaign, with…
In less than four months since the last update in January, the 5-seater Tesla Model…
This post is brought to you by vivo. If you’ve been looking for a smartphone…
Dyson has introduced its first portable handheld fan, the HushJet Mini Cool Fan. Not only…
Vivo has launched a brand new mid-range smartphone, the Vivo V70 FE, in Malaysia. This…
EI Charge (EIC) Station at GDEX Headquarters in Petaling Jaya will be opened to the…
This website uses cookies.