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RM500million on broadband says Green Packet

Green Packet plans to spend at least RM500 million over the next 3 years to expand wireless broadband coverage and roll out its services.

“Funding will mainly come from internal funds, equity and other financial instruments,” chief executive officer Puan Chan Cheong told Business Times.

By the end of its three-year plan, customers will be able to enjoy services like Internet-based television, fixed and mobile voice calls, as well as wireless broadband, said Puan.

On March 17 last month, Green Packet Bhd via its subsidiary Packet One Networks (Malaysia) Sdn Bhd was announced as the winner for the WiMAX license.

About Kugan

Kugan is the founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy