PETALING JAYA (Feb 23, 2012): Green Packet Bhd plans to invest RM300 million in capital expenditure this year to sustain its continuing growth.
Group CEO Puan Chan Cheong said the company aims to widen its 4G coverage in populated areas in Peninsular Malaysia to 65% by year-end from 50% 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. Total investment for the two markets is about RM30 million," said Puan, who is also group managing director, told a press conference today.
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% 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," he said, adding that the company was doing intensive tests and trials for its solutions and devices.
On consolidation talks in the telecommunications space, P1 CEO 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
