Copying and distributing are prohibited without permission of the publisher
Packet One gets loan to expand 4G
19 June 2012
Malaysian 4G operator Packet One negotiates five-year loan to expand network and build market
Read more:
Malaysia
Green Packet
Packet One
loan
4G
finance
Malaysian operator Packet One Networks has received a five-year loan of $51 million, which will enable it to expand its 4G network and customer acquisition activities.
The funds, comprising of long-term loan and warrants, were received from a consortium led by investment company Kendall Court Capital Partners and Leafgreen Capital Partners.
Packet One Networks’ parent firm Green Packet said: “The facility offers P1 Labuan the opportunity to raise funds based on a favourable structure via the debt market. P1 Labuan will on-lend funds from the facility to P1.” GTB
More from GTB
Malaysian group 'plans decoupling Aircel' 29 Dec 2011
Malaysia's Celcom sets up MVNO with PLDT 01 Dec 2011
Telekom Malaysia offloads Axiata stake 28 Jul 2011
Malaysia's U Mobile picks ZTE for LTE 16 Mar 2011
Maxis in Malaysia broadband deal 17 Dec 2010