GPacket tied up with China Mobile

Green Packet's share price rises for the past 2 months since early May 2011, from RM0.62 to RM0.85, a gain of almost 37%. I'm not sure what is behind it, but this news today looks very positive for GPacket, as China Mobile is one of the largest telecommunication company in the world! Besides, GPacket again becomes a pioneer in new technology in Malaysia. However, if GPacket still does not deliver profit, everything here is just rubbish.

KUALA LUMPUR: Packet One Networks (M) Sdn Bhd (P1), a subsidiary of Green Packet Bhd, has sealed a technology cooperation agreement with China Mobile Ltd to spearhead the time division-long term evolution (TD-LTE) technology in Malaysia and South-East Asia.

TD-LTE technology is a 4G telecommunications evolutionary path for the future of mobile broadband.

P1 chief executive officer Michael Lai said both parties would be sharing expertise, with P1 in 4G WiMAX and China Mobile in TD-LTE technology deployment.

“For true mobile 4G and LD-LTE to be successful, technology needs mass adoption.

    Why using chinese traditional characters?

“The economies of scale brought by China Mobile, with its subscriber base of over 600 million will see rapid development of the entire TD-LTE ecosystem,” he said at the signing ceremony yesterday.

China Mobile is among the first operators to have adopted the TD-LTE technology and it is one of the founders of the global TD-LTE Initiative (GTI).

GTI was formed in February to drive the early adoption of TD-LTE technology and to propagate TD-LTE’s ecosystem.

Other GTI members are Softbank Mobile (Japan), Vodafone Group (Britain), Bharti Airtel (India) and Clearwire (US).

P1 is the latest operator to join the group.

On the investment involved in the partnership, Green Packet group managing director/group chief executive officer C.C Puan declined to reveal the figure but said the partnership would further expand products offered under P1.

P1 plans to transition its WiMAX network to a dual WiMAX/TD-LTE network in the first half of 2012. It currently has about 300,000 subscribers using its WiMAX service.