REDtone International Bhd via its subsidiary, Redtone-CNX Broadband Sdn Bhd which is one of the four winners of the 2.3Ghz spectrum expects this license to drive and enhance it broadband plans.
REDtone is designated to deploy its WiMAX service in Sabah and Sarawak. All WiMAX winners must cover 25 percent of the population by end of the year and at least 40 percent of coverage on the third year.
Quoted from The Edge Daily:
“We are honoured to be given the opportunity to be the first to offer high speed mobile Internet services to businesses and homes in East Malaysia in addition to enabling the company to further drive its broadband business.”
“Our good track record, experience, capabilities and leading edge in innovation are plus points that will help facilitate our rollout of high speed broadband services in Sabah and Sarawak,” REDtone said.
The company said it would make an announcement soon on “an exciting collaboration” for its nationwide high-speed broadband plans.
CNX Solutions Sdn. Bhd. focuses on the provision of Broadband services to both commercial and residential projects. The company has Broadband-Enabled a number of projects for renowned developers. We believe that in the years to come, Broadband connectivity will be the norms of society rather than a luxury item for the selected few. With this thought in mind, our products are geared towards meeting the consumer’s demands in terms of pricing and quality of service.
REDtone is the number one discounted call provider by revenue, in Malaysia. It commands a lion’s share of 35% of the local discounted call market which, according to global market advisory firm, IDC (International Data Corp), is worth some RM 143.507 M in year 2005.
Listed on the Malaysian Exchange Of Securities Dealing & Automated Quotations (MESDAQ) market of Bursa Malaysia (formerly The Kuala Lumpur Stock Exchange) in January 2004, REDtone has the highest market capitalization amongst companies listed on this technology market as of 11th July 2005.
The Multimedia Super Corridor or MSC-status company has earned a reputation for its in-house research and development (R & D) capabilities and is distinguished by its homegrown technological innovations which have won a string of awards, both in Malaysia and abroad. Presently, it has eight patents pending registration in Malaysia.
REDtone’s line-up of innovative discounted call packages offers consumers and businesses feature-rich (at no additional cost) and good quality phone services as an affordable alternative to traditional phone service.
It has replicated its successful business model in other countries. Currently, its services for both consumers and corporate customers are offered in Pakistan, Indonesia and China.