TM Completes Investment Into P1

TM Completes Investment Into P1 2

Telekom Malaysia Berhad (TM) is pleased to announce the completion of the Investment Agreement for its partnership with Green Packet Berhad (Green Packet) and SK Telecom Co., Ltd (SK Telecom) for the three parties to share in the ownership and collaborate in the future growth of Packet One Networks (Malaysia) Sdn Bhd (P1), Malaysia’s leading WiMAX wireless provider. Applicable approvals, including from the relevant regulatory bodies and Green Packet shareholders have been duly obtained.

Following the completion, TM emerges as the new holding company for P1 with a shareholding of 55.3%; and the remaining 44.7% is shared between Green Packet (31.1%) and SK Telecom (13.6%).

The partnership  drives  strong  synergies  from  the three  (3) complementary  partners  to work together  to  capitalise  on  a  viable  mobile  opportunity  and  deliver  the  next  generation  of converged communication services. It essentially enables P1 to crossover to LTE and offer full mobility while providing TM with an LTE-ready platform to accelerate and more efficiently make wireless  broadband  products  available  to  its  customers.  This  includes  access  to  suitable spectrum bands, the ability to draw on advanced technological  knowhow of SK Telecom, an existing customer base to build on, and the strong base of LTE upgradeable WiMAX sites to quickly achieve extensive LTE coverage.

TM sees the provision of mobility solutions to customers as a natural progression in line with industry evolution towards true convergence, not just from a technology or device perspective, but more importantly from a customer experience point of view, in the delivery of end-to-end broadband  and  data  services.  Its  investment  into  P1  and  the  recent  launch  of  its  first  4G broadband offering, TMgo are part of TM’s roadmap towards becoming the No. 1 converged communications service provider. It is also in line with TM’s vision of being an “Information and Innovation exchange” and will further bolster its position as Malaysia’s broadband champion.

The partners, together with P1, are currently developing a joint business plan and strategies for the realisation of partnership synergies. At the same time, the partners are conducting an operational review to further optimise operations for P1’s future business. Product development and commercial plans are also under discussion.

TM  will  play  an  active  role  in  the  management  and  direction  of  P1  through  its  strong representation at the board level. As the holding company, it also has nomination rights for key management  positions.  P1’s new board  and management  line-up  will be announced  in due course.

P1 Rewards Store Visits with Snap, Post and Win iPad Mini Contest

Petaling Jaya, (July 8, 2013) – Malaysia’s first and leading 4G service provider, Packet One Networks (Malaysia) Sdn. Bhd. (“P1”) will be running a consumer campaign to give away two iPad Minis a week over ten weeks.

ipadmini

P1 makes it easy for participants to win with the simple mechanics of visiting any P1 sales point to snap a photo together with a friendly P1 promoter, and posting the photo on P1’s Facebook fan page – facebook.com/p1buddy to generate ‘likes’. Two weekly winners will be selected based on the highest number of ‘likes’ for their photo submissions. The contest runs from July 8 to September 15, 2013.

“This contest is just something extra to thank patrons of our more than two hundred stores and sales points nationwide. We also wanted to celebrate the Internet and mobile lifestyle which brought about the sharp increase in smart phone and tablet adoption in recent years. People just want to be informed, entertained and sociable while on the go. The iPad Mini will go very well with P1’s 4G wireless Internet services.” said P1 CEO, CC Puan.

P1 offers a wide range of on-the-go broadband plans that come with a free MiFi modem. The MiFi modem unlike a USB dongle, is a pocket-size personal WiFi device that can connect up to eight mobile gadgets such as smart phone, tablet, and laptop. Plans begin from as low as RM39 per month. P1 had also recently launched extra quota promotion for all their Internet plans.

This contest is open to all Malaysians aged 18 and above. For further details, the public is welcome to check out the official webpage for this contest at www.p1.com.my/snap-post-win.