DGAP-News: Vasseti (UK) PLC: VASSETI IN FINAL STAGES TO COMPLETE ITS FIRST PHASE OF THAILAND NETWORK
(firmenpresse) - DGAP-News: Vasseti (UK) PLC / Key word(s): Product
Launch/Sustainability
Vasseti (UK) PLC: VASSETI IN FINAL STAGES TO COMPLETE ITS FIRST PHASE
OF THAILAND NETWORK
15.04.2013 / 07:45
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VASSETI IN FINAL STAGES TO COMPLETE ITS FIRST PHASE OF THAILAND NETWORK
By Vasseti IR
Dated 20 Mar 2013
Telecommunication infrastructure to connect Bangkok&Hatyai to Kuala
Lumpur&Singapore poised to complete by end of March 2013
THAILAND - MAR 20, 2013 - Vasseti (UK) Plc (Frankfurt: 1VS) through its
Thailand telco unit, is now testing its network infrastructure in several
data centres within Bangkok as the phase one of V Telecoms' Bangkok Metro
Core Network implementation. In addition, Vasseti will be connecting this
core network to its global network hub in Hatyai as well as it Malaysian
network in Padang Besar and Bukit Kayu Hitam at the Thailand-Malaysian
border.
'We will have Bangkok and Hatyai connected to Kuala Lumpur and Singapore on
a next generation optical transmission network that is developed in
collaboration with our sister companies in Malaysia and Singapore. Once
this network is commissioned, we hope to offer our wholesale internet
services to various tier-2 internet service providers in Thailand as well
as international leased circuits to other tier-1 telcos in Thailand', said
Mr Ekaat Charoenphong, CEO of V Telecoms Connexia Pte Ltd (Thailand). He
added, 'We also plan to offer premium retail/enterprise services to mainly
large corporations as well as multi-national corporations based in Bangkok
and other major towns/cities in Thailand'.
According to the President and MD of Vasseti, Mr Ranjeet Singh Sidhu,
through a telephone interview, the fibre optic infrastructure is being
deployed in collaboration with some local players in Thailand to reduce
time-to-market its products. He added, 'We want to reach the market by next
month so that we can capture the rapid growth in capacity demands that ISPs
in Thailand is experiencing now. Our aim has always been to deliver best
experience to the end users and we believe by having smart collaborations
as the ones we developed in Thailand, will enable us to achieve our
objectives sooner'.
In addition, Vasseti is spearheading its regional network development
through its flagship undertaking i.e. Vasseti South Asia Network or VSAN -
which will link Hong Kong, Vientiane, Bangkok, Kuala Lumpur, Singapore and
Jakarta through a unique terrestrial fibre optic network.
'As I have always said, Vasseti is committed to realise its dream to
implement a regional network which will cover some of the most underserved
areas in the world, which happen to be between three of the world's most
promising economies i.e. China, India and Indonesia' added Mr Ranjeet S.
Sidhu, CEO of Vasseti (UK) PLC.
While Vasseti is planning to bring these exciting developments to Thailand,
it does not see itself as competing with the existing local players.
According to Mr Ranjeet, 'We are here to complement the fast growing
domestic market. We believe with our presence, we will enable greater
service quality and faster service delivery to the end customers. But we
remain committed to work with any or all the existing players as we believe
the market big for now and will soon to grow even larger.'
CONTACT Investor Relations Team
CATEGORY Telecommunication and Information Technology
EMAIL info(at)vasseti.co.uk
WEB www.vasseti.co.uk
About Vasseti
Vasseti (UK) Plc ('Vasseti') is a large, diversified conglomerate based in
Kuala Lumpur. It is listed on the Frankfurt Stock Exchange ('FSE') trading
under the Symbol 1VS:GR and is fully reporting on the FSE Entry Standard.
It is an investment holding company with business interests in the field of
network telecommunications, information technology and real estate. Vasseti
consists of companies and businesses that were established from as long as
fifteen years ago to several new, high growth business ventures it
initiated recently. The Company has already built a successful base in
Malaysia and now plans to channel its resources to replicate its business
model in the neighbouring countries especially within the South Asia region
linking Indonesia, China and India, and possibly expanding towards the
Middle East and North Africa thereafter. The Company intends to connect all
the population within the catchment or business footprint to a single
virtual world that is interlaced with brick and mortar business of real
estate development and construction works. It is envisaged that the product
and services offered by the Company may be reachable by almost 50% of the
world population by the year 2020. Its strategy is to penetrate each market
through mergers and acquisitions (M&A) and eventually becoming the market
leader in those emerging markets. This forms part of Vasseti's global
expansion plan and having its presence in the most productive and
profitable manner.
End of Corporate News
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