KT Freetel Bails out from U Mobile
Look who's calling the shots now
Looks like things can’t get any worse for Malaysia’s worse telco – U Mobile.
Got this feed from Bloomberg.
“KT Freetel Co. (032390 KS): The second-largest South Korean wireless service provider will sell a 16.5 percent stake in Malaysia’s U Mobile Sdn. for at least $100 million to avoid losses on its investment. KT Freetel will sell the 62.6 million shares to U Mobile’s major shareholder, it said. KT Freetel declined 1.1 percent to 26,550 won.”
Barely a year after the investment was finalised, KT Freetel will be selling off its stake in U Mobile to avoid losses.
In addition, NTT DoCoMo has shares in both KT Freetel and U Mobile, and if our experience serves us right, it won’t be long till the Japanese telco pulls out from U Mobile as well.
Maxis introduces FastTap NFC Service
You may have heard or seen NFC before. NFC, which is Near Field Communication is now available in Malaysia thanks to Maxis, called FastTap.
So what is NFC? Basically its like a Mobile ID/Wallet that works similarly like Touch n Go. Imagine, the ability to make retail purchase and pay using your mobile phone by tapping on a reader device. Same goes to LRT, where you can just tap your mobile phone on the entry/exit gate reader boards.
Overpromising P1 Wiggy?
P1 Wiggy was launched with the tagline of being the fastest USB Broadband up to 10Mbps in the market. However some users are complaining that the 10 Mbps speed is hardly achievable and average speed hardly even reach half of the claimed speed. There’s a discussion at Lowyat.net where a user is complaining of the Wiggy being over promised and under delivered to its customers. P1 Wiggy was advertised of having downlink up to 10Mbps but average speed was only around 1.0-3.0Mbps. That is only 30% of the maximum speed claim.