
TIME dotCom Berhad (TdC) and DiGi.Com Berhad (DiGi) can now execute their joint business plans to strengthen their core businesses with the successful transfer of the 3G Spectrum from TdC to DiGi today. An allotment of 27.5 million new shares to TdC was made as well in consideration for the transfer of the 3G spectrum with all its rights and benefits to DiGi.
This was announced at the official transfer ceremony where Datuk Dr. Halim Shafie, Chairman of the Malaysian Communications and Multimedia Commission handed the Spectrum assignment documents to DiGi Chief Executive Officer, Johan Dennelind. The event was witnessed by the Deputy Secretary General 1 for the Ministry of Energy, Water and Communications, Dr. Mohd Padzil Hashim, who represented the Minister, Yang Berhormat Dato’ Shaziman Abu Mansor; and Dato’ Wan Muhammad Wan Ibrahim, Chairman of TdC.
As outlined in the Definitive Agreement between both parties on 25 January 2008, TdC and DiGi would leverage on their respective core businesses to fully optimise the existing networks and resources currently owned by both parties.
The 3G Spectrum transfer exercise was also approved by the shareholders of both parties at their respective Extraordinary General Meetings.
For DiGi, the 3G Spectrum offers opportunities to enhance its mobile network capacity and efficiency, and provide a platform for ongoing innovation and development of enhanced mobile and broadband services.
“We have been very successful without 3G in the past; however, we believe the timing is right for DiGi to start the rollout of broadband services to our customers. We are excited that this Spectrum will enable us to contribute actively to the extensive deployment of broadband infrastructure and services in keeping with the aspirations of the National Broadband Plan,” said Johan Dennelind.
“We are currently working hard undertaking technical trials and with these approvals, we are targeting to launch 3G services and mobile broadband during the second half of this year,” he added.
“I am very happy today because with this transfer, TIME dotCom and DiGi have entered into a service agreement, which sees TIME dotCom, through our subsidiary TT dotCom Sdn Bhd, appointed as DiGi’s wholesale partner for a 3-year period, contributing fixed bandwidth businesses worth at least RM12.5 million each year. With the completion of the 3G Spectrum transfer, TIME dotCom stake in DiGi will increase to 10% of the enlarged paid up capital of DiGi,” said Dato’ Wan Muhamad.
The transfer of the 3G Spectrum to DiGi does not result in TIME dotCom exiting from the 3G market because it will be able to participate via an MVNO arrangement with DiGi once DiGi have rolled out the 3G network. In the meantime, TIME dotCom will focus on enhancing its Next Generation-IP network and Broadband services for the Corporate, Government and Wholesale market segments.
The completion of the 3G Spectrum transfer establishes the foundation for the Alliance between both parties to collaborate on several business areas that can further contribute towards enhancing the nation’s telecommunications needs. Both parties will look into:
- jointly developing new service offerings in the area of Fixed Mobile Convergence;
- optimising the usage of TdC’s domestic and international fibre networks by DiGi;
- reselling of mobile services, including Mobile Virtual Network Operator services by TdC for selected markets; and
- exploring mutual transfer of knowledge and technology between the employees of both parties.
*p/s : When i met my friend from Digi Technical Team,they said that they are currently assembling and testing 3G equipment within Klang Valley,thats why there are a number of users discovered Digi 3G connection in their dialers. Wow this is fast.
.
Digi definitely will roll out their 3G network soon. Digi had finally finished the transfer process of the 3G Spectrum from TIME dotcom Berhad (TdC) . This is a good news for everyone. There will be a new player in town and it will compete with other mobile broadband providers. So Maxis, Celcom, Izzi and U-Mobile, you better provide good services up to par. So let’s hope for a price war to come soon.
Recent comments