Posted: March 31st, 2010 | Filed under: Market | 2 Comments »
MALAYSIA’S first nationwide 4G WiMAX network has the potential to change how people work, live and communicate, according to YTL Corp Bhd managing director Tan Sri Francis Yeoh.
More importantly, it (4G services) could enable businesses to be conducted more efficiently, which is in line with the Government’s New Economic Model (NEM) to transform the country into a high-income nation, he said.
“A 10% improvement in broadband penetration increases gross domestic product (GDP) by 1.3%.
“Currently, our broadband penetration is only 25% and if we move it to 75%, we will have a 6% increase in GDP” and would create a more sustainable economy dependent on knowledge workers, he said at InvestMalaysia 2010 yesterday.
The 4G service is being developed by YTL Communications Sdn Bhd, a unit of YTL.
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Posted: March 23rd, 2010 | Filed under: Personnel | No Comments »
YTL E-SOLUTIONS BHD [] has appointed former Microsoft Malaysia Sdn Bhd managing director Yasmin Mahmood as executive director and former MALAYSIAN AIRLINE SYSTEM BHD [] managing director Datuk Ahmad Fuaad Mohd Dahalan as an independent director.
At the same time, it announced the resignations of siblings Datuk Yeoh Seok Hong and Datuk Mark Yeoh Seok Kah from their executive directorship, also with immediate effect.
Yasmin was Microsoft Malaysia MD from 2006 to December 2009, while Ahmad Fuaad helmed MAS from April 2004 to August 2005.
Ahmad Fuaad is also a director of HLG CAPITAL BHD [] and Tokio Marine Insurans (Malaysia) Bhd.
YTL E-Solutions, one of the four WiMAX licensees in the country, said it had redesignated its independent director Mohamad Zain Mohd Zainal Abidin as non-independent non-executive director.
Posted: March 23rd, 2010 | Filed under: Market | No Comments »
Previously criticized for sitting on its WiMax license, local conglomerate YTL has roped in Samsung to implement its WiMax network across the country over the next five years. However, it will take at least 14 months before the high-speed mobile broadband service from YTL’s subsidiary, YTL e-Solutions, is expected to be rolled out nationwide in July 2010.
YTL e-Solutions, one of the country’s four 2.3GHz WiMax spectrum licensees, was perceived a laggard as it had missed an August 2008 deadline to deploy WiMax services commercially.
In fact, the slow progress among the licensees to offer such services in the country prompted then-Energy, Water and Communications Minister Shaziman Abu Mansor to to issue a warning last August, threatening to withdraw their licenses if they failed to deliver.
YTL e-Solutions said it expects to spend over 1 billion ringgit (US$279 million) over the next 12 months ahead of its July 2010 launch. “We expect to roll out fully in 14 months with user trials beginning in the next six to eight months,” said Francis Yeoh, YTL e-Solutions’ executive chairman and managing director, after a signing ceremony between its subsidiary, Y-Max Infra, and Samsung Electronics here Thursday.
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Posted: March 19th, 2010 | Filed under: Market | No Comments »
RAM Ratings says YTL POWER INTERNATIONAL BHD []'s (YTLPI) move to roll out its RM2.5 billion worldwide interoperability for microwave access (WiMAX) network is quite unexpected.
The rating agency said on Thursday, March 11 this was not in line with its track record of investing in long-term concession assets with stable and sustainable cashflow.
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