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    DGAP-News Vasseti (UK) PLC: VASSETI APPOINTS JAPAN´S BOUTIQUE ISP

    Nachrichtenquelle: EQS Group AG
     |  25.05.2012, 09:57  |  671 Aufrufe  |   | 


    DGAP-News: Vasseti (UK) PLC / Key word(s): Joint Venture/Strategic
    Company Decision
    Vasseti (UK) PLC: VASSETI APPOINTS JAPAN´S BOUTIQUE ISP


    25.05.2012 / 09:57




    VASSETI APPOINTS JAPAN´S BOUTIQUE ISP

    By Vasseti IR
    Dated 25 May 2012

    GL Broadband of Japan appointed as business outsourcing partner to Vasseti
    for retail broadband offering in Malaysia.

    KUALA LUMPUR - MAY 25, 2012 - Vasseti (UK) Plc (Frankfurt: 1VS) and GL
    Broadband (´GLBB´) of Okinawa Japan have signed a partnership agreement,
    which paves the way for GLBB to operate retail broadband offering for
    Vasseti´s Malaysian subsidiary Vasseti Datatech Berhad.

    GLBB is the leading ´Multi-Lingual´ commercial Internet service provider
    (ISP/WISP) in Okinawa, Japan. In the last four years GLBB has become a full
    range Triple-Play Internet Service Provider and Reseller to Homes, Offices,
    other ISP´s, and small to medium size businesses in Japan. GLBB also
    services thousands of foreign nationals living in Japan as well as Japanese
    Nationals in Okinawa prefecture and growing. GLBB is a popular boutique ISP
    in Japan, favoured by expatriates especially from the USA.

    On Q4 2010, Vasseti launched the world´s first fixed-line fibre-optic 1Gbps
    broadband service using carrier class Metro-E technology. Others around the
    world launched 1Gbps service using PON or passive optic network technology
    - which in essence cannot deliver true 1Gbps service.

    According to the GMD of Vasseti Group, Mr Ranjeet Singh Sidhu, appointment
    of GLBB is one of the significant achievements in Vasseti´s broadband
    offering to the Malaysian market. Japan has always been the leader in
    broadband market - even way ahead of Europe and USA. By competing in such
    advance market against dominant incumbents, GLBB has the experience in
    strategically winning market share through innovative product offering and
    excellent customer service.

    Mr Sidhu further elaborated, ´Vasseti has invested several hundred million
    of dollars in developing the state-of-the-art network throughout Malaysia.
    Now we need experienced people to drive and realise our aspiration. GLBB
    has the right kind of expertise, exposure and capability. By outsourcing
    our retail broadband business to GLBB, we hope to redefine the way
    Malaysian people experience broadband´.

    ´We are very happy to work with GLBB as they share similar aspiration in
    delivering quality product and services. As GLBB is a successful boutique
    ISP from Japan, we would like to emulate similar success in Malaysia´ he
    added. GLBB, through its holding company Eastern Window Limited (´EWL´) is
    represented by its CEO, Mr Paul Edward Foulkes. The signing ceremony
    between EWL and Vasseti took place at Concorde Hotel Ballroom - a hotel
    owned by Vasseti´s chairman Tan Sri Syed Yusof.

    Meanwhile, according to Mr Foulkes, ´We are pleased to enter into this
    partnership with Vasseti. We believe Vasseti can leverage on our expertise
    to expand their broadband business in the Klang Valley and surrounding
    towns and cities´.

    CONTACT  Investor Relations Team
    CATEGORY Telecommunication and Information Technology
    EMAIL   ir@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




    25.05.2012 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




    171507 25.05.2012  

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