In today’s announcement event, TM will be signing a partnership with Green Packet, SK Telecom and P1 for the development for a converged next-gen communication services. This signifies TM’s strong desire to venture into the wireless broadband space particularly LTE services.
In this partnership, TM is expected to anchor and take the lead while Green Packet that have founded P1 WiMAX will ensure P1’s business continuity. SK Telekom being a major wireless player in South Korea will be providing strategic and technical expertise. Through the collaboration, they will be focusing on delivering high quality LTE data services leveraging on P1’s 2.6GHz spectrum and its network of over 2,000 sites nationwide. P1 owns the valuable 50MHz spectrum in the 2.3GHz and 2.6GHz bands.
TM will hold 57% stake in P1 by injecting RM350 million into the wireless operator. Through the partnership, P1 will be a subsidiary under TM. In addition, TM will also invest up to RM210 million into Green Packet through redeemable exchangeable bonds. The investment is made through Mobikom Sdn Bhd which is a wholly owned subsidiary of TM.
According to TM Group CEO, Tan Sri Zam, the partnership is in line’s with TM’s vision of being an Information Exchange and Malaysia’s Broadband Champion. The partnership provides an LTE-ready platform to efficiently roll out wireless broadband products and accelerate time to market for its consumers.
Related Posts
Potong, ke Sambung Balik?
TM to announce its acquisition tomorrow?
P1 Acquisition: Announcement happening soon?
BMW Malaysia has unveiled the locally assembled (CKD) version of the BMW i5 eDrive40 electric…
TNB Electron continues with its EV charging network expansion and their latest deployment is in…
This post is brought to you by Xiaomi. For many smartphone users, the biggest frustrations…
Apple has officially introduced Apple Creator Studio, a new subscription bundle that combines its professional…
The latest Redmi Note 15 series of smartphones has made its official launch in Malaysia.…
Xiaomi Malaysia has launched the latest-gen Redmi Note 15 series. A total of four models…
This website uses cookies.