 |
November 26, 2007 |
|
|
|
 |
TIME DOTCOM: Digi Tie-up Unaffected by Gov't Spectrum Recall TIME dotCom Bhd said that the Malaysian government's decision to revoke some wireless broadband licenses will not affect its alliance with DiGi.Com, Dow Jones Newswires reports. Dow Jones relates that TIME dotCom made this statement after Energy, Water and Communications Minister Lim Keng Yaik reportedly said that the government will withdraw some of the high-speed Internet licenses it previously awarded, as the market is too crowded. The licenses for the 2.5 Ghz and 3.5 Ghz spectrums will be taken back over a five-year period, Minster Lim reportedly said. "The alliance between TIME dotCom Berhad and DiGi.Com Berhad is on track with both parties moving ahead to pool their resources spanning infrastructure and 3G services," Dow Jones quotes TIME dotCom's statement. The recall "will have no impact on the alliance," it added. Malaysia-based TIME dotCom Berhad is an investment holding company. The company through its subsidiaries, provides voice, data, video, image communication, and payphone services. TIME also provides and markets Internet services to consumers including World Wide Web, organization and aggregation of content, on-line call center, online services, on-net advertising, and virtual data storage. TIME dotCom incurred net losses of MYR177.78 million, MYR238.90 million, and MYR833.24 million for the years ended Dec. 31, 2006, 2005, and 2004, respectively. |
|
|
||
|
Today's Top Stories have been selected from the Troubled Company Reporter - Asia Pacific. To receive the Full TCR-AP please CLICK HERE.
