Malaysia's U Mobile eyes PNG Market
And that could add to the already existing 600 Malaysian businesses both big and small throughout PNG, some since independence while others are contemplating entries.
The Ministry of International Trade and Industry officials in Kuala Lumpur recently said records show that PNG has a lot more investors from Malaysia, China, India, Bangladesh, Japan and Asia for that matter.
MITI said that the number of businesses from Malaysia to PNG has increased drastically in strategic fields over the last 40 years especially in logging, oil palm, pharmaceutical, electronics and many others operating and supplementing the Chinese businesses that are also booming.
The Post-Courier was reliably told in Kuala Lumpur by one of U Mobile’s main shareholders ST Telemedia that for two years they have been trying to make inroads to PNG but there has been some setbacks.
Chief information officer Tan Chen Sen could not elaborate on the latter, but confirmed that the company has been eyeing the Pacific market with PNG topping the list.
The office of the U Mobile CEO Wong Heang Tuck could not comment also on the matter but said they were keeping a tab on the market.
U Mobile is Malaysia’s fastest growing full-fledged mobile operator that offers data, voice and messaging services to its customers via innovative prepaid, postpaid and broadband plans.
Launched in 2007 and being the youngest telco and challenger in the dynamic Malaysia and Asian telecommunications industry, U Mobile has introduced many first of its kind services to the market that they also want to use in the Pacific. Post Courier/ PNG Today
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