September 30, 2014 4:41 PM ET

Diversified Telecommunication Services

Company Overview of Packet One Networks (Malaysia) Sdn. Bhd.

Company Overview

Packet One Networks (Malaysia) Sdn. Bhd. provides wireless broadband telecommunications services in Malaysia. It offers telecommunications services, such as postpaid, prepaid, top-up, 4G and fiber plans, OnePlan for indoors and outdoors, and broadband for homes; and 4G broadband, voice, and business solutions. Packet One Networks (Malaysia) Sdn. Bhd. was formerly known as MIB Comm Sdn. Bhd. and changed its name to Packet One Networks (Malaysia) Sdn. Bhd. in January 2007. The company was founded in 2002 and is based in Petaling Jaya, Malaysia. Packet One Networks (Malaysia) Sdn. Bhd. operates as a subsidiary of Packet One Sdn Bhd.

Packet Hub

Level G

159, Jalan Templer

Petaling Jaya,  46050

Malaysia

Founded in 2002

Phone:

60 3 7450 8888

Fax:

60 3 7450 8899

Key Executives for Packet One Networks (Malaysia) Sdn. Bhd.

Chief Executive Officer
Age: 46
Vice President
Associate Director
Compensation as of Fiscal Year 2014.

Packet One Networks (Malaysia) Sdn. Bhd. Key Developments

Telekom Malaysia Reportedly To Invest In Packet One

Telekom Malaysia Berhad (KLSE:TM) is reportedly taking controlling stake in Packet One Networks (Malaysia) Sdn. Bhd by injecting fresh capital of more than MRY 1 billion. A source familiar with the deal told The Edge Financial Daily on March 26, 2014 that, "The deal will allow TM to get a foothold in mobile broadband service, mobility is a missing part of its business portfolio as mobile data service is the trend moving forward, judging by the gadgets that we are using". The source added, "The existing shareholders of Packet One will receive some cash from the deal. However, their shareholding will be diluted".

Telekom Malaysia In Talks To Make Acquisitions

Telekom Malaysia Berhad (KLSE:TM) is seeking acquisitions yo increase the mobility in its portfolio. Tan Sri Zamzamzairani Mohd Isa, Chief Executive Officer of Telekom Malaysia, said, "Mobility is important and we will talk to anybody who can provide [this] to complete [our] portfolio of services." Zamzamzairani revealed that TM was not in talks with just one company. "We talk to everyone to see who else can help us fill up the gaps when we need mobility to complete our suite of services," he said. However, in response to questions on whether the telco was in talks with Green Packet Berhad (KLSE:GPACKET) on the possible acquisition of Packet One Networks (Malaysia) Sdn. Bhd. he declined to comment on the accuracy of the speculation, saying that TM had already given a statement on the matter. "We don't comment on speculation," he said.

Green Packet Reportedly To Reveal Buyer For Packet One In January 2014

Green Packet Berhad (KLSE:GPACKET) is expected to announce the successful buyer of its stake in Packet One Networks (Malaysia) Sdn. Bhd. within January 2014, according to sources. It is understood that the final papers are being approved and an announcement is expected within the next few weeks by Puan Chan Cheong, Manging Director and Chief Executive Officer of Green Packet, a source said who did not name the successful bidder. The shortlist of prospective buyers include DiGi.Com Berhad (KLSE:DIGI); YTL Corporation Berhad (KLSE:YTL) and Telekom Malaysia Berhad (KLSE:TM). "The deal is highly competitive and secret. We would have to wait and see," the source said.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 27, 2014
--
Private Placement
March 27, 2014
--
 

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