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.

TM UniFi High Speed Broadband Project International Comparison

Back in September 2008, MCMC awarded the High Speed Broadband Project (HSBB) of the country to none other than TM. Fast forward to March 2010, TM announced and launched their high speed broadband packages. While it was met with instant online news coverage by bloggers, its come under fire by the heavy-users of broadband.

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Note, if you visit the UniFi website, make sure you’ve got the www prefix. They didn’t make it work without it. Phbt.

Okay. So here are the plans being offered for the high speed broadband project by TM.

Package Download/Upload speed Monthly Data Monthly Price (RM)
VIP 5 5Mbps 60GB 149.00
VIP 10 10Mbps 90GB 199.00
VIP 20 20Mbps 120GB 249.00

Now, let’s have a look at the broadband packages in Singapore. They’re in the midst of developing their high speed broadband, but these standard broadband packages will do.

ISP Download/Upload speed Monthly Data Monthly Price (SGD)
Singtel 10Mbps / 1Mbps Unlimited 56.90
Starhub 8Mbps / 1.2Mbps Unlimited 81.32

I took the packages which comes closest to our high speed broadband packages based on the download/upload rate and monthly price.

Next, we’ve Australia. Who’s deployed their high speed broadband as ADSL2+ packages. Though weirdly when I was looking at their packages, providers are now promoting naked broadband packages. Not sure what’s that about.

ISP Download/Upload speed Monthly Data Monthly Price (AUD)
Bigpond 20Mbps / 1Mbps 50GB 109.95

Many other Australian ISPs weren’t included because most stated speeds as ADSL2+ rather than the average numbers.

Nonetheless, this is enough information for me to write my point. Are our high speed broadband packages offered by TM fair and equivalent?

I don’t want to look at Malaysia as some 3rd world country. Therefore, I would look at the prices dollar for dollar. Not to mention, you do get what you pay for, especially in Australia.

Personally, if the government really wants to push the national broadband plan, readjust all the broadband plans for crying out loud!

This is what I told my friend in the car when discussing about UniFi and current broadband plans:

The new 5Mbps UniFi plan should be RM88 (though I expected it to be no more than RM100). Then, they should make the 1Mbps packages the minimum speeds for anything below that.

Yes, there are users who don’t use the Internet as much. But, they also don’t want to waste their time waiting for a website to load. Think about it. Faster loads can get things done much faster later. Even the lady at the wet market can answer her email orders more efficiently and get back to chopping heads of fish much quicker.

Broadband internet shouldn’t be a commodity but a necessity by now.

P.S.: Why bundle something your real market knows they’re not interested in? Did the market research go wrong? Or, are you cashing in?