CC Puan
P1’s Michael Lai calls it quits, CC Puan steps in
Michael Lai has stepped down as chief executive offficer (CEO) of Packet One Networks (Malaysia) Sdn Bhd for personal reasons, with Green Packet Berhad Group founder and CEO Puan Chan Cheong stepping into the role.
Green Packet bets its future on LTE
Initially positioned as a disruptor to the incumbent telcos, while making a bet on the once highly touted WiMAX technology as its platform, Green Packet Bhd is now betting its future on the same technology platform as the rest of them -- LTE. And it is swallowing some bitter tablets, notes Karamjit Singh.
Week in Review: A once hot start-up fights to stay relevant
Karamjit Singh shines the spolight this week on Green Packet, its fight to stay relevant against the big telco boys, and the cost a change in strategy must entail for determined entrepenuers.
P1 lays off nearly 100 workers to ‘streamline operations’
Wireless operator Packet One Networks (P1) has laid off close to 100 workers in a bid to streamline its business operations and increase profitability.
Green Packet reports slightly higher revenue
Green Packet Berhad, the parent company of WiMAX broadband services provider P1, reported revenue for fiscal year 2012, which ended Dec 31, had gone up by RM50 million from the previous year to hit RM588.6 million.
Green Packet reports higher revenue and better EBITDA in Q3
Green Packet Bhd reported higher revenue of RM159.8 million in its third financial quarter, a 16% rise from RM138.3 million in quarter-on-quarter comparison. It also registered a better-than-expected RM9.2 million EBITDA in Q3, 114% up from previous quarter’s RM4.3 million.
Green Packet posts 8% increase in Q2 group revenue
Green Packet Bhd posted second-quarter revenues of US$44.1 million with a positive EBITDA of US$1.4 million, up 8% and 191% respectively year-on-year.
