GPacket ... Aug 2008

Green Packet Bhd will spend up to RM1bil for the development of WiMAX infrastructure over the next four to five years.

The group had spent RM300mil for the deployment of WiMAX technology. The company, through subsidiary Packet One Networks (M) Sdn Bhd (P1), is the first to commercially deploy WiMAX technology in the country as well as in the Asia-Pacific region.

The first phase of the WiMAX service would cover 25% of the population, the second a further 15% and the third phase, another 25% of the population. The group needed to continue to spend on infrastructure as it was committed to covering 65% of the population.

The group did not expect to break even immediately and how fast it would recoup its investment would also depend on the average revenue per user.