Intel Capital has invested RM50 million ($15.5m) in Malaysia-based Green Packet Berhad, a publicly-traded provider of broadband network solutions and services. The two companies also will work together to deploy
Intel Capital today announced that it has invested RM50M in Green Packet Berhad (Green Packet), a provider of next-generation network solutions and services. Intel and Green Packet's subsidiary, Packet One Networks (Malaysia) Sdn Bhd (Packet One), also today announced that they will work together to deploy Malaysia's first nation-wide 802.16e WiMAX network, targeted to be commercially available from June 2008.
“Intel is committed to the deployment of WiMAX globally and momentum for WiMAX is strong, with more than 280 fixed and mobile WiMAX trials and commercial deployments in 110 countries,” said Arvind Sodhani, president of Intel Capital and executive vice president, Intel Corporation. “Intel's investment is aimed at accelerating the proliferation of standards-based, high-speed wireless broadband globally. Packet One's intention to deploy a commercial WiMAX network represents a significant acceleration of WiMAX momentum in Asia Pacific. Intel looks forward to working with Packet One to bring the benefits of broadband to more Malaysians.”
Today's announcement is a significant milestone for
“Intel's investment strengthens Green Packet's WiMAX business pillar, and further solidifies Packet One's position to be the first company in
“Packet One intends to be the market leader in high-speed wireless broadband access for both consumers and businesses, We will capitalize on our first-mover advantage to execute a rapid roll-out of WiMAX in Malaysia, commencing in June 2008,” stated Michael Lai, CEO of Packet One. “This will give Malaysians greater choice in how and where they get connected, either in the home or workplace, or on the move.”
Intel's investment and wider business engagement reflects a focus on accelerating WiMAX momentum globally. WiMAX 802.16e is a cost effective technology for fixed wireless data as well as offering portable, nomadic and mobile data services. Intel is a leading enabler of service providers as they deploy WiMAX technology, including Sprint and Clearwire in the
Later this year in the