Green Packet(GP) is making more loss but nothing is stopping this company from making more investment and going forward. For its third quarter ended Sept 30, 2009, rose by 200 per cent to RM32.377 million from RM10.784 million in the same quarter last year. Read more here.
It’s heavy investment in P1 and crazy plans to expand in South East Asia makes me wonder- Does GP have enough money and manpower to do so?
Their newly acquired WiMAX license in Singapore and East Malaysia will require more investments. Especially in East Malaysia when REDtone themself is complaining that it is not easy to deploy wireless broadband there due to its geographical reasons.
I believe WiMAX will require more investment than 3G in Malaysia since P1 will have to spend more money to deploy indoor coverage and this won’t be easy. Also, P1 will have to build more base station versus the 3G operators to match their current 3G coverage. These are serious challenges and I hope GP will have enough cash and the experts to get P1 on track.
P.s: Notice the new term “P1 4G WiMAX”? Sounds similar to the term “4G WiMAX” used by YTL Communications.
