Kenanga Research has forecast that REDtone International Bhd’s near term catalysts would be led by its RM82.5 million Universal Service Provision (USP) project, as well as RM25.0 million spectrum resource sharing fee from Maxis.
REDtone International Bhd’s pre-tax profit for the third quarter ended Feb 28, 2013 surged to RM6.24 million from RM888,000 in the same period a year ago
“Telcos have been losing out to smaller operators like U Mobile and Tune Talk in the prepaid segment, and to mobile virtual network operators which offer services like Whatsapp, WeChat and Facebook.
Telkom Indonesia announced today, its plans to launch an MVNO services in Malaysia from mid-year 2003. “Our target market will be Indonesian Workers (TKI) and students who live in the neighboring country.
Malaysian MVNO Xox posted a net loss of MYR 1.57 million in Q4, much less than the loss of MYR 9.15 million in the year-ago quarter.
REDtone International Bhd, which has embarked on a transformation plan, is beginning to see the results and will start reaping the fruits of its labour.
Malaysia TuneTalk is launching in Thailand after entering into agreement with Loxley and re-branding its existing i-Kool 3G network.
Malaysian MVNO Tune Talk Sdn Bhd is offering sixteen smartphone models under the government’s MYR 200 rebate scheme.
Malaysian MVNO Xox said it is considering raising funds for working capital requirements.
STRONG GROWTH: Mobile virtual network operator’s shares see sharp rise in trading volume on persistent takeover rumours
Kumpulan Perangsang Selangor Bhd has proposed to invest in a mobile virtual network operator (MVNO) business via a 30% equity stake in Ceres Telecom Sdn Bhd, held by its wholly-owned unit Perangsang Telco Sdn Bhd.
XOX Bhd, an ACE Market-listed mobile virtual network operator (MVNO), is said to be a target of takeover by businessman Tan Sri Syed Mokhtar AlBukhary, people familiar with the matter said yesterday
Celcom Axiata Bhd, which is long-term evolution (LTE) ready, will be investing RM300mil over the next three years to support the 4G network, says CEO Datuk Seri Shazalli Ramly.
The Malaysian Communications and Mutlimedia Commission (MCMC) has confirmed that it has allocated spectrum in the 2600MHz band suitable for Long Term Evolution (LTE) services to eight companies.
REDTone Mobile Sdn Bhd, a postpaid mobile virtual network operations (MVNO) company, expects to get 100,000 new customers next year, supported by its news business partnership with Ezzy Mobile Sdn Bhd.
Samart Corporation announced plans to spend 1 billion baht on the construction of network infrastructure for digital television systems to capitalise on the upcoming digital broadcasting service.
Mobile virtual network operator (MVNO) and remittance service provider Merchantrade Asia Sdn Bhd targets to increase its market share to 30% in three years with the launch of Doowit, a mobile remittance service focusing on the foreign workers market.
Merchantrade Sdn Bhd, a money transfer service provider, aims to achieve RM3.5 billion worth of remittance transactions through its newly introduced mobile remittance service, Doowit, in three years.
INTENSE competition within the local telecommunication industry is driving the service providers to adopt strategies to increase their share of the market.
Kumpulan Perangsang Selangor Bhd (KPS) has entered into a proposed RM24.24mil investment agreement for a mobile virtual network operator (MVNO) business via a 30% equity stake inCeres Telecom Sdn Bhd.