TheSun 2008-10-29 Page18: Deliver or Lose Licence, WiMax Operator Told

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18 theSun | WEDNESDAY OCTOBER 29 2008

business news Hang Seng


12,596.29
S&P/ASX200
3,794.6
1,580.45 14.6

TSEC KLCI STI KOSPI Nikkei


4,399.97 832.44 1,666.49 999.16 7,621.92
33.10 26.67 66.21 52.71 459.02

KL market summary
Bursa closes lower
OCTOBER 28, 2008
INDICES CHANGE
SHARE prices on Bursa Malaysia closed lower FBMEMAS 5,430.56 -192.60
yesterday as investors were still worried over COMPOSITE 832.44 -26.67
the global economic downturn, dealers said. INDUSTRIAL 2,012.18 -52.85
They said the market opened in negative CONSUMER PROD 262.15 -8.26
territory with the KLCI dipping to as low as INDUSTRIAL PROD 65.37 -1.86
CONSTRUCTION 139.76 -3.30
801.27 points in the morning session due to TRADING/SERVICES 118.08 -3.18
the persistent selling of bluechips. FINANCE 6,379.21 -223.69
However, the local stocks regained some PROPERTIES 499.11 -16.09
ground in the afternoon session in line with the PLANTATIONS 3,119.48 -189.15
recovery in major regional markets. At 5pm, MINING 237.09 -16.22
the KLCI fell 26.67 points or 3.1% to 832.44. FBMSHA 5,610.48 -225.22
FBM2BRD 4,119.52 -159.52
Among the active stocks, IOI Corp fell 26 sen
TECHNOLOGY 13.95 -0.63
to RM2.19, KNM increased two sen to 52 sen,
Resorts World lost 14 sen to RM2.23, Tenaga de- TURNOVER VALUE
clined 35 sen to RM6.15 and Telekom Malaysia 851.531mil RM1.551bil
eased 12 sen to RM3.24. – Bernama

Deliver or lose licence,


WiMax operator told
KUALA LUMPUR: The govern- cellular-type access. is slightly behind,” he said.
ment may revoke the WiMax Four companies were given “If they can’t give a good
(Worldwide Interoperability WiMax licences in which they reason why they can’t give the
for Microwave Access) licence were required to launch the business plan as what they
given to a company following its service during a six-month pe- have proposed, we would like
failure to offer the service dur- riod which ended last August. to take the licence and give to
ing the six-month trial period. The companies – Bizsurf (M) those people who are really
Energy, Water and Commu- Sdn Bhd, Packet One Networks interested and serious in that
nications Minister Datuk Shazi- Sdn Bhd (previously known as particular industry,” he added.
man Abu Mansor, in issuing the MIB Comm Sdn Bhd), Asiaspace The MCMC had previously
warning, said the government Dotcom Sdn Bhd and REDtone- stated that all licence holders
would however first determine CNX Broadband Sdn Bhd – were are expected to quickly roll
the problem faced by the com- awarded the 2.3GHz spectrum out the service to 25% of the
pany concerned. for wireless access. population in the area given to
He also did not specify a Bizsurf is a subsidiary of YTL them by end of last year, with
deadline by the government to e-Solutions while Packet One is a service provision of at least
withdraw the licence. owned by Green Packet. 1MBps at affordable rates.
He was speaking to reporters All the licences, except that of At the end of third year, it is
after launching the 2008 “My REDtone-CNX, cover Peninsular expected that they will be able
Broadband” conference and Malaysia. The REDtone-CNX li- to roll out services to at least
exhibition at the Kuala Lumpur cence is for Sabah and Sarawak. 40% of the population in the
Convention Centre yesterday. Shaziman said the Malaysian areas given to them.
WiMax is a telecommunica- Communications and Multimedia Each of the companies is
tions technology that provides Commission (MCMC) is monitor- expected to invest between
for the wireless transmission ing the progress being made by RM250 million and RM300
of data using a variety of trans- the four licence holders. “Gener- million in the first three years
mission modes, from point- ally, three (of the companies) of the WiMax implementation.
to-point links to full mobile have done a good job while one – Bernama

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