DiGi In Talks For Prabhu Money Transfer Remittance Biz Takeover

DiGi.Com Bhd is said to be in talks with Prabhu Money Transfer Sdn Bhd for a possible takeover of its entire non-banking remittance business as well as Prabhu Mobile, its mobile virtual network operator (MVNO) segment. Sources said DiGi has the intention to acquire a 100% stake of the Nepalese-owned remittance company, and steering Prabhu’s

Operators agree 4G will require more network sharing

Operators across Asia have been touting their 4G achievements, with regular progress updates on base station rollouts and subscriber milestones, but as they shift away from dense urban areas they won’t be able to go it alone. That was the message from a panel discussion yesterday at the event. Celcom CFO TVT Chari said that

redONE aims to hit 1 million users mark

redONE is offering customers the widest and best mobile network at the lowest postpaid rates. Chief sales officer of redONE Network Sdn Bhd, Ben The, said their main targets group are those who are savings conscious. “We are only three years in Malaysia but we already have 700,000 users, and are looking at achieving one

Celcom plans at least two new products

Celcom Axiata Bhd is planning at least two new product launches by the end of the year, as the telecommunications company (telco) steps up its marketing campaign to boost subscriber base and revenue growth. Analysts have noted that competition among the big telcos had intensified in recent months. Celcom was among the first companies to

Altel delays introduction of post-paid plans to 2015

Altel Communications, which secured 4G-suitable spectrum in the 2600MHz band in December 2012, has postponed plans to launch post-paid services until 2015, the Malaysian Reserve reports. With the would-be operator having previously set out its stall to begin offering such tariffs in November 2014, it has been claimed that ‘technical matters’ have forced it to

Prepaid segment remains battle ground for telcos as prices grow competitive

According to the research arm of M&A Securities Sdn Bhd (M&A Securities), the entrance of two new mobile virtual network operator (MVNO) players; Altel Communications Sdn Bhd (Altel Communications) and Telin, in the last quarter will add to the already heated competition in the prepaid segment where additional pricing war is expected in the market.