The mobile industry is a booming one, with more and more industry players want to get a slice of it, be it manufacturers or telco providers. Set to be the latest horse to enter the race, TM is setting its sights on a 2016 entry into the mobile telco industry in Malaysia. This will complicate things, to say the least, for the existing four players – Maxis, Celcom, Digi and U Mobile.
If there’s one operator that’s got a point to prove, it’s P1. And if P1 has only one point to make, loud and clear to you, it would be this – the challenger operator is making a comeback. Network performance, customer service quality and trust issues are just some of the many things that need fixing at P1, and the two foremost executives in the company – Kelvin Lee and Azizi A. Hadi – know exactly what to do to turn P1 around.
Kelvin Lee is no stranger to P1, having been part of the Green Packet family for a good ten years. In 2011, Kelvin was asked by CC Puan, the CEO of P1, to join P1 in the role of Chief Commercial Officer to manage the sales and customer services of P1’s products and services. A veteran in Green Packet and P1, Kelvin has been through it all. And yet, the upbeat, approachable techie, is more energetic than ever, ready to transform P1 to become one of the country’s most innovative mobile operator.
His optimism and energy is understandable, Kelvin has an experienced point man watching his guard. Azizi in his role as P1’s COO, is a new joiner but is no stranger to the telco industry given his wealth of experience in TM for the past eight years covering various roles from oversight of migrating from a digital to fully IP network, the HSBB (high speed broadband) rollouts to the SME business segment management.
Kelvin and Azizi believe that P1, with full support from, Telekom Malaysia and SK Telecom, two giants from the telecommunications world – both with considerable investments in P1 – and a team of experts that’s now more pumped up than ever, is now in the best position to shake up the telecommunications space in Malaysia with the promise of being country’s first ever fully converged telecommunications provider.
But what does this mean to you? Are you ready for a fully converged telecommunications provider?
Watch as Kelvin and Azizi explain why 2015 is going to be the year for P1 and you.
Telekom Malaysia Bhd. (TM), Packet One Networks Sdn. Bhd. (P1), Green Packet Bhd. and South Korean mobile operator SK Telecom have agreed to extend the longstop date for TM’s investment in P1 by two months until September 30th, 2014, according to Digital News Asia (DNA). The extension is to give TM more time to obtain necessary approvals from local telecommunications industry regulator the Malaysian Communications and Multimedia Commission (MCMC).
On March 27th, 2014, TM, Malaysia’s largest fixed-line telco, announced that it had agreed to buy a majority stake in P1 for RM350 million and would invest a further RM210 million into P1’s parent company, Green Packet, through the purchase of 8-year redeemable exchangeable secured bonds that could be swapped for P1 shares held by Green Packet at a later date.
In today’s announcement event, TM will be signing a partnership with Green Packet, SK Telecom and P1 for the development for a converged next-gen communication services. This signifies TM’s strong desire to venture into the wireless broadband space particularly LTE services.
In this partnership, TM is expected to anchor and take the lead while Green Packet that have founded P1 WiMAX will ensure P1’s business continuity. SK Telekom being a major wireless player in South Korea will be providing strategic and technical expertise. Through the collaboration, they will be focusing on delivering high quality LTE data services leveraging on P1’s 2.6GHz spectrum and its network of over 2,000 sites nationwide. P1 owns the valuable 50MHz spectrum in the 2.3GHz and 2.6GHz bands.
TM will hold 57% stake in P1 by injecting RM350 million into the wireless operator. Through the partnership, P1 will be a subsidiary under TM. In addition, TM will also invest up to RM210 million into Green Packet through redeemable exchangeable bonds. The investment is made through Mobikom Sdn Bhd which is a wholly owned subsidiary of TM.
According to TM Group CEO, Tan Sri Zam, the partnership is in line’s with TM’s vision of being an Information Exchange and Malaysia’s Broadband Champion. The partnership provides an LTE-ready platform to efficiently roll out wireless broadband products and accelerate time to market for its consumers.