P1 to return to black

Packet One Networks (P1), a subsidiary of Green Packet Bhd, expects to return to the black earlier than expected on stronger subscriber base due to growing interest in the wireless broadband segment, says OSK Research House.

The company would be capturing a bigger share of the wireless broadband segment from WiMAX-embedded notebooks, it said.

Currently, 20 per cent of its total subscribers are from the wireless broadband segment, it said in its research note. The research house said the segment would gain popularity as major PC retail outlets have begin to stock up the models.

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