4 May 2010
P1 APPOINTS ZTE FOR PHASE 3 OF ITS NETWORK ROLLOUT
The US$76 million deal will ensure that 65% of Malaysians can access P1 W1MAX by 2012
PETALING JAYAPacket One Networks (Malaysia) Sdn. Bhd. (“P1”), the world’s leading 2.3GHz 4G WiMAX Telco, awarded today the full turnkey contract for the Phase III network expansion to ZTE (Malaysia) Corporation Sdn Bhd and ZTE Corporation.
The contract worth US$76 million will see ZTE deploy P1 W1MAX network including network planning and design, equipment supply, engineering services and WiMAX network optimisation to cover 65% of the Malaysian population by 2012.
“From the day we embarked on our WiMAX journey, our goal has been to make broadband a right for all Malaysians. To deliver on this commitment and our commitment to the Malaysian Communications and Multimedia Commission, an aggressive deployment of the P1 W1MAX network is crucial. We look forward to ZTE’s continuous commitment in delivering the third phase of our rollout successfully,” said Michael Lai, Chief Executive Officer of P1.
In March 2009, P1 signed with ZTE to deploy Phase II of its national network rollout for US$28 million to expand coverage from 35% to 45% of the population by end of this year.
As one of the world’s leading telecommunications equipment providers, ZTE is confident that it has the capabilities, knowledge and expertise to meet P1’s network rollout target of 45% by 2010 and 65% population coverage by end of 2012.
P1 has 140,000 subscribers at the end of 2009, and hopes to continue supporting the National Broadband Initiative and the national target of 50% household broadband penetration by year end.