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Green Packet sets to roll out Wireless Broadband

Green Packet Bhd, which migrated to the Main Board of Bursa Malaysia yesterday, is set to roll out its wireless broadband services within the Klang Valley soon, with capital, technology and human resources in place.

In a statement yesterday, Green Packet group managing director and chief executive officer Puan Chan Cheong said: “The wireless broadband services will add to the group’s flagship solutions and is expected to generate recurring revenue to the group.”

Green Packet was listed on the Mesdaq Market on May 25, 2005. Headquartered here, it has offices in Shanghai, Taipei, Sydney and Manama in Bahrain. Its flagship product is Self Organising Network (SON) solutions, including SONaccess and SONbuddy.

Since its listing, Green Packet has consistently posted higher earnings.

For the first quarter ended March 31, 2007 (1Q07), its net profit surged 26% to RM10.01 million from RM7.93 million in 1Q06, on the back of a 173% rise in revenue to RM31.41 million from RM11.49 million previously.-The Edge Daily

Green Packet won the 2.3Ghz license in March,2007.

About Kugan

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