Green Packet
TELECOMMUNICATIONS solutions provider Green Packet Bhd is committed to investing at least RM500 million over the next three years to expand its wireless broadband coverage and roll out its services by funding from internal funds, equity and other financial instruments.
Such services are crucial for Green Packet as they provide the firm an avenue for recurring income. This means the company will not be too dependent on infrastructure projects.
In 2006, the company posted sales of RM98.93 million and a net profit of RM55.29 million. The majority of revenue was project-based. By 2010, the group expect the recurring income will be the biggest revenue contributor for the group.
Green Packet shares on Bursa Malaysia closed unchanged at RM4.90 on March 30. The shares have gained 8.41 per cent so far this year, with a market cap of RM2.18 billion.
On March 16, the Government awarded the WiMAX spectrum to Green Packet's 55 per cent-owned MIB Comm Sdn Bhd (Packet One Networks Sdn Bhd), Bizsurf (M) Sdn Bhd (a unit of YTL Corp), Redtone-CNX Broadband Sdn Bhd and Asiaspace Dotcom Sdn Bhd.
Such services are crucial for Green Packet as they provide the firm an avenue for recurring income. This means the company will not be too dependent on infrastructure projects.
In 2006, the company posted sales of RM98.93 million and a net profit of RM55.29 million. The majority of revenue was project-based. By 2010, the group expect the recurring income will be the biggest revenue contributor for the group.
Green Packet shares on Bursa Malaysia closed unchanged at RM4.90 on March 30. The shares have gained 8.41 per cent so far this year, with a market cap of RM2.18 billion.
On March 16, the Government awarded the WiMAX spectrum to Green Packet's 55 per cent-owned MIB Comm Sdn Bhd (Packet One Networks Sdn Bhd), Bizsurf (M) Sdn Bhd (a unit of YTL Corp), Redtone-CNX Broadband Sdn Bhd and Asiaspace Dotcom Sdn Bhd.
posted by Ho Sang @ 1:04 PM
6 comments
