Saturday, August 21, 2010

1Gbps in Malaysia!!


Finally some guy has launched 1Gbps speeds at RM199 although most likely it is for local usage if you want to get the max but still we have an option now.

Hopefully the international speeds won't be slow.

Syed Yusof buys into Vasseti, which is launching its broadband service today

KUALA LUMPUR: Businessman Tan Sri Syed Yusof Syed Nasir has bought a 30% stake in Vasseti Bhd, which is expected to launch its 1Gbps (gigabit per second) fixed line broadband service offering for residential users in select areas today.

“Telecommunications is a growing business. It has a lot of potential and I believe it is not too late for me to be part of a growing segment of the market,” Yusof told StarBizWeek in an interview yesterday.

Yusof has various business concerns and is well known for his interests in Hard Rock Cafe and Hotels and the Concorde Hotel chain. He is a partner alongside the Sultan of Selangor and Ipoh-born tycoon Ong Beng Seng in the RM2.5bil Four Seasons Place Kuala Lumpur which is being developed next to the Petronas Twin Towers.

Syed Yusof at Vasseti’s network operations centre in Kuala Lumpur.

With a paid-up capital of RM15mil, Vasseti has business interests in telecommunications and information technology, plantations, construction, tourism, real estate and human resource outsourcing services. Its other shareholders are Ranjeet Singh Sidhu and Datuk M. Harisharan Pal Singh.

“I came on board early this year,” said Yusof, who is Vasseti chairman.

Vasseti’s journey into telecoms began early this year when it undertook a corporate exercise to buy 80% equity stake in V Telecoms Bhd, which has a paid-up capital of RM502mil. V Telecoms holds network facilities provider and NSP network services provider licences.

Yusof said V Telecoms had thus far invested RM500mil to build a fibre optic network that spanned the length of Peninsular Malaysia. As it does not have enough fibre in the ground, the company also buys capacity from other telecoms providers to cater to the needs of its clients which are mostly multinational corporations and some telcos. “It is a 50:50 combination between our own fibre and what we lease from others now. We need to expand our network and our target is to invest RM1bil by the year-end for this purpose,” Yusof said.

V Telecoms’ investment far had been sourced via private equity and internal funding. The company has also just completed a fund-raising exercise for an additional RM100mil by issuing redeemable convertible cumulative preference shares.

“We will need to raise more funding in the market for our expansion and we intend to source funding via private equity funds and high net worth individuals,” said Yusof.

According to V Telecoms executive director Anthony Suppiah, wholesale makes up 70% of the company’s business and retail the remaining 30%. With the 1Gbps community broadband product, the company expects to reach out to more residential users to grow its retail business.

“With 1Gbps, the network is capable of delivering very high speed broadband and can even cater for video streaming and IPTV (Internet protocol TV) besides voice connectivity. The residential offering will be available in Capital Square in Kuala Lumpur, The Loft in Bangsar and KL Sentral. We are charging RM199 per month for the 1Gpbs,” he said.

Asked how the company could stand alongside bigger players with deep pockets and a much wider reach, Anthony said “we are not in competition with other fibre optic players, we see ourselves as complementing them. Our challenge is how we can brand ourselves to be a provider and expand at the speed the market demands. That, to us, is more crucial.”

Thursday, August 19, 2010

A tribute to all the 'bananas' out there

I found this comic at and the scene portrayed is very true in Malaysia.

Although I am embarrassed to say this but I'm partly one with the exception that I can still understand spoken Mandarin (okey, basic spoken Mandarin)

You can comment at the original site page

They also have many other comic strips at which are quite funny at times.

Monday, August 16, 2010

Talk more this Raya with iTalkWhoa!!

As we all know, this month is the holy fasting month for the Muslims, know
n as Ramadan, before they celebrate Hari Raya Puasa.

This is the time when we are encouraged to ask for forgiveness and I must say, even though I’m not a Muslim, I think it is also good to do so especially towards our parents and whoever who has helped us along our journey in life.

Although we may not have a chance to meet all of them in person, spare a thought and give them at least a phone call to appreciate what they have done.
If you are afraid that the phone call is going to cost a lot especially when you or the other person is overseas, fret not as iTalk has come up with iTalkWhoa to help you.

As a special offer during this Ramadan, iTalk is having a special promotion for those who activate their iTalk cards gets 20% free talk time and get additional talk time up to RM7 when you buy it online during the promotion period which is from 1st September to 31st October 2010.


Free Airtime







And not forgetting the hardworking Muslim workers who can’t go back home, iTalk also has a promo for them to call back home and greet their loved ones which are much cheaper than other telcos.

The offer starting from 10th August 2010 until 30th September 2010 starts as low as 9sen/30second to 3 selected countries namely Bangladesh, Indonesia and Pakistan and the best part is that the calls cost the same whether you are calling a mobile phone or a fixed line.

For those who haven’t called their loved ones for a while, now there is no excuse not to do so and to the Muslims all around the world, I wish you “Selamat berpuasa”.


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