ZAVARCO PLC
Vasseti (UK) PLC: VASSETI GRANTED TELECOMMUNICATION LICENSE IN SINGAPORE!
Vasseti (UK) PLC / Key word(s): Market Report/Product Launch VASSETI GRANTED TELECOMMUNICATION LICENSE IN SINGAPORE! By Vasseti IR 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 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 19.04.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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