P1 expects to offer services to 55% of Malaysians by end-2011

25 May 2011

Malaysian WiMAX provider Packet One Networks (P1) has said that it expects to have 1,600 base stations deployed nationwide, covering approximately 55% of the country’s population, by the end of this year. According to Malaysia’s Business Times, the mobile broadband operator said that as at end-March 2011 it had installed and switched on 1,009 sites, allowing around 46% of Malaysians to access its services, with 305,000 customers having signed up to its WiMAX products. P1’s parent company, Malaysia-based WiMAX solutions provider Green Packet, also reiterated its intention to continue investment in the unit, saying that it aims to enhance the operator’s network in order that it is capable of meeting the demands expected from the expected customer growth this year.

Green Packet meanwhile reported its financial results for the first three months of 2011, posting group turnover of MYR121.71 million (USD39.84 million), up 40.2% year-on-year against the MYR86.82 million it generated in the same period a year earlier. The company also narrowed its net losses, which stood at MYR37.89 million, improving on the MYR44.75 million loss it saw in 1Q10.