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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 Malaysia and for WiMAX; it represents the first
large-scale commercial deployment of mobile WiMAX in Southeast Asia, and the
first large-scale deployment of an 802.16e 2.3GHz WiMAX network outside Korea.
WiMAX delivers broadband speeds for accessing data applications such as movies
and multi-media content on a variety of devices, including Intel-based
notebooks.
"Intel's
investment strengthens Green Packet's WiMAX business pillar, and further
solidifies Packet One's position to be the first company in Malaysia to
deploy a nation-wide mobile WiMAX network," explained Puan Chan Cheong,
Group Managing Director and CEO of Green Packet.
"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 U.S., UQ in Japan, and others
globally.
Later this year in the
U.S., Intel expects to offer an optional integrated WiMAX/Wi-Fi/module for
notebooks based on its next-generation Intel® Centrino® 2 processor
technology. The company plans to make its optional WiMAX capability available
more broadly as WiMAX networks continue to build out around the world.
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