DGAP-News: Vasseti (UK) PLC: VASSETI GRANTED TELECOMMUNICATION LICENSE IN SINGAPORE!
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Vasseti (UK) PLC: VASSETI GRANTED TELECOMMUNICATION LICENSE IN
SINGAPORE!
19.04.2013 / 07:30
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VASSETI GRANTED TELECOMMUNICATION LICENSE IN SINGAPORE!
By Vasseti IR
Dated 8th April 2013
Vasseti expands into Singapore and Thailand, joins international players in
providing cross border services.
Singapore - APRIL 8, 2013, Vasseti South Asian Network or VSAN which is the
Flagship project of Vasseti (Uk) Plc has another addition to its network
expansion plans; V(UK) Plc's subsidiary, VTel Global has been given license
to provide Internet service in the Republic of Singapore. This will enable
local providers to leverage their network with Vasseti's network to provide
connectivity all the way to Thailand. The network currently runs from
southern Thailand through Malaysia and into Singapore.
The company now owns Telecommunication license in Singapore, Malaysia and
Thailand, perhaps the only company that has multiple license in multiple
countries. It is also in negotiations with other ASEAN countries for Local
telecommunications license. This allows the company to provide seamless
service to other providers as it acts as a one-stop network solutions
provider. This in turn allows the company to provide a more cost efficient
solution to other providers wishing to expand their own network within the
region.
Thailand is a key component in the VSAN Project as it provides the landmass
for terrestrial network to run into China via Vietnam, Laos and Cambodia
and India through Myanmar and Bangladesh. Being a country that boasts a
large number of expatriates, the demand for bandwidth is ever increasing
and with large Multinational companies welcoming an independent network
provider providing alternative terrestrial network in and out of the
country, is a huge incentive for the company to complete the infrastructure
deployment within the next two quarters.
The infrastructure deployment in Thailand is now heading towards the
capital city of Bangkok. The interconnection stations between Malaysian and
Thailand border has been established and linked in the city of Padang Besar
and Bukit Kayu Hitam in Malaysia and the network now is available from
Singapore through Malaysia and into Thailand. With its latest acquisition
of a Telco license in Singapore, will allow the company to initiate
aggressive marketing campaigns in promoting a singular terrestrial network
from Singapore to Thailand. This is a critical link as the data traffic
between these countries is between 100G to 200G annually. Further expansion
will see the company reaching the borders of Laos by the end of the fourth
quarter of 2013 and through to China by mid 2014
With Huawei Technologies as its Global partner, the company believes that
it will be able to provide world class service to its cleints but with
local costings, an achivement not many can boast or share and the company
as part of its Community service and vision of bridging the digital divide
would hope to achieve this as part of its long term commintment to the
region.
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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207705 19.04.2013
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Datum: 19.04.2013 - 07:30 Uhr
Sprache: Deutsch
News-ID 250745
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