Kuala Lumpur: Next generation mobile broadband networking solutions developer, Green Packet Bhd, is targeting to secure at least one new worldwide interoperability for microwave access (WiMAX) licence from South-East Asian countries within the next 12 months.
Indonesia, with the largest population, is expected to issue the licences by year-end or next year while Thailand and Vietnam had already issued the WiMAX licence, its group managing director and chief executive officer Puan Chan Cheong said.
"All South-East Asian countries have the potential to roll out WiMAX services and we are keen to explore more WiMAX licences," he told a media briefing on his company's second quarter financial results Thursday.
"We believe with the clear leadership in WiMAX service business in Malaysia, our chances of winning licences in other countries should be promising," he said, adding that Green Packet would also consider entering the market via joint venture.
Green Packet posted a lower pre-tax loss of RM5.61 million for the second quarter ended June 30, 2008 compared with pre-tax profit of RM13.16 million in the same quarter last year caused by heavy investments in the broadband business.
Its revenue also declined to RM22.45 million from RM35.56 million previously due to higher operating cost incurred by Packet One Networks (Malaysia) Sdn Bhd, WiMAX's operator arm.
"We are very serious and committed to continue investing in this long-term business though we would suffer in the first few years," he said.
On the second-half financial performance, Puan expected the revenue to be flat as compared to last year.
However, Green Packet projected the second-half revenue to be much stronger than the first-half as the new WiMAX service would start contributing revenue, he said.
"The 2008 financial year will remain challenging to moving forward with continued heavy investment into actively rolling out WiMAX services and to solidify our footing in new markets for the solution business," he added.- Bernama
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