Karamjit Singh shines the spolight this week on Green Packet, its fight to stay relevant against the big telco boys, and the cost a change in strategy must entail for determined entrepenuers.
Wireless operator Packet One Networks (P1) has laid off close to 100 workers in a bid to streamline its business operations and increase profitability.
Green Packet Berhad, the parent company of WiMAX broadband services provider P1, reported revenue for fiscal year 2012, which ended Dec 31, had gone up by RM50 million from the previous year to hit RM588.6 million.
Informa Telecoms & Media, producer of the LTE World Series, has announced the TD-LTE Summit, which it describes as the first independent global TD-LTE focused event.
The government, through industry regulator the Malaysian Communications and Multimedia Commission (MCMC), has finally announced the allocation of the much-anticipated 2600 MHz (2.6GHz) spectrum band to eight operators for the deployment of Long Term Evolution wireless technology.
Green Packet Bhd reported higher revenue of RM159.8 million in its third financial quarter, a 16% rise from RM138.3 million in quarter-on-quarter comparison. It also registered a better-than-expected RM9.2 million EBITDA in Q3, 114% up from previous quarter’s RM4.3 million.