It has not received any offer to sell its 55% owned 4G unit, Packet One Networks (M) Sdn Bhd (P1). However, Green Packet said as part of the efforts to maximize shareholder returns, it would continuously pursue possibilities of collaborations and partnerships to complement the company's business strategy.
Meanwhile speculation that Telekom Malaysia may acquire a 30% stake in a subsidiary of Green Packet to complement its fixed broadband services with a wireless platform. The news comes at a time when DiGi, too, is said to be eyeing P1’s spectrum. This subsidiary may be Green Packet’s 55%-owned Packet One Networks SB (P1), which holds 30Mhz of the 2.3Ghz spectrum currently used to roll out P1’s WiMAX broadbrand services.
P1 also holds 20Mhz of the 2.6Ghz spectrum awared in December 2012 for LTE services.
P1’s spectrum will allow TM to expand from its fixed broadband services and offer a wireless platform. While the wireless broadband solutions will not become TM’s key revenue growth driver, it could enhance TM’s market potential while also reducing churn.
However, he deal would mean higher capital expenditure, and this could – from an investor’s point of view – dim prospects of special dividends from TM.
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