Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Monday, October 17, 2011

P1 to offer fibre-powered broadband in 1Q12

KUALA LUMPUR: Green Packet Bhd’s wireless broadband arm, Packet One Networks (M) Sdn Bhd (P1), will begin offering fibre optic cable-powered high-speed broadband (HSBB) and possibly IPTV services by 1Q12, having sealed a 10-year wholesale agreement with Telekom Malaysia Bhd (TM).

“Along with [the] launch early next year, we [will] also look at providing IPTV and Video on Demand (VoD),” P1 CEO Michael Lai said at the signing ceremony between P1 and TM yesterday.

The agreement gives P1 access to some 1.3 million homes connected to TM’s HSBB network, alongside leading mobile phone operators Maxis Bhd and Celcom Axiata Bhd, which had earlier signed similar wholesale agreements with TM. These services will compete with TM’s own HSBB triple-play (broadband-home voice-IPTV) offering UniFi which has 142,000 customers as at mid-August, 30% of whom are active users of the IPTV service.

P1 currently offers wireless broadband services using its WiMAX network. Lai, who declined to reveal the value of the agreement, said P1 would need very little capital expenditure for the new service as it rides on TM’s infrastructure.

“There will be some allocation for operational expenditure, [which] we will reveal in the future [when it is ascertained],” he said.

The collaboration with P1 is TM’s third agreement with a local telco since it signed the public-private partnership agreement (PPP) with the government in 2008.

Zamzamzairani: The partnership will bring enormous benefits to all end users. Under the agreement, TM is to allow any MCMC-licensed service provider access to the HSBB network that is estimated to cost RM11.3 billion over 10 years for a fee.

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