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Green Packet to reveal new buyer for P1 WiMAX business

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It has been speculated for quite a while that Green Packet is selling a major stake of its P1 WiMAX business. Now Reuters has reported that the deal is more or less finalised and Green Packet will be announcing the successful buyer by the end of this month.

Its Managing Director and CEO, CC Puan is expected to make an announcement on the deal in the coming weeks. So far, it has been speculated that DiGi, TM and YTL are in talks in acquire a controlling stake of P1 for its wireless spectrum. Among the 3, YTL is the only provider with an active WiMAX service running under its Yes brand while DiGi has started its 4G LTE service in mid 2013. TM is said to be planning to roll out LTE services by this month.

P1 is currently allocated 30MHz in the 2.3GHz WiMAX band and 20MHz of the 2.6GHz 4G LTE spectrum. Such spectrum is very limited and is very valuable for other players that aims to grab a foothold in wireless game.

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