ALTEL Communications Sdn Bhd, the new kid on the block in the country’s booming but increasingly crowded telecommunication sector, targets 150,000 subscribers in its first year of operation.
Altel, which aims to launch its maiden prepaid product by next month, has also teamed up with Celcom Axiata Bhd, allowing the company to use Celcom’s platform.
The two will pool their blocks of 2.6-gigahertz spectrum to operate a wireless business running on or using long-term evolution (LTE) technologies.
Chief operating officer Nik Abdul Aziz Nik Yaacob said the company is banking on local traditional consumer market with high demand for data speed and access.
“We’re working with the internal group of companies. We conduct sales and marketing strategies within the group. The target is achievable as we have more than 250,000 employees in the group,” Nik Abdul Aziz said yesterday.
Altel is a subsidiary of Altel Holdings Sdn Bhd, which is a wholly-owned company of Al-Bukhary Group, with special focus on Information Communication Technology business, offering voice and traditional messaging service as well as data access and applications through 4G LTE.
Nik Abdul Aziz said the company expects to have 600 dealers nationwide by the end of the year.
“The enterprise market will also be a key focus in achieving our target, as we plan to leverage on the company’s relations and synergy within the Albukhary Group of Companies,” he added.
Nik Abdul Aziz said the company plans to invest as much as RM1 billion from internal funding, over a period of five years for its 4G LTE infrastructure. The amount, however, has not been finalised.
“The amount is estimated to be within the range. However, with smart partnerships and innovative approaches regarding the use of capital expenditure versus operation expenditure, we expect to make significant savings,” he said.
Altel is one of the eight companies to be awarded the LTE 2.6-gigahertz spectrum by the Malaysian Communications and Multimedia Commission to provide 4G services.
Incoming search terms:
- altel malaysia (16)
- altel stock bursa saham (2)
- altel data plan malaysia (1)
- altel stock in bursa malaysia (1)
- altelmalaysia com (1)
- saham altel (1)