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Seven firms form Asia-Pacific wireless company

Posted: 08 Nov 2004 ?? ?Print Version ?Bookmark and Share

Seven wireless phone services companies in the Asia-Pacific area have banded together to form a Singapore-based joint venture company, Bridge Mobile Pte. Ltd, to create a common regional wireless infrastructure in the region.

Bridge Mobile will be operational by the first quarter of 2005 and is expected to be the largest joint venture in the Asia-Pacific, with a potential subscriber base of 300 million. The venture will invest up to $40 million over the next three years to build a shared regional infrastructure providing mobile services and taking up product development initiatives.

The venture will also promote common mobile applications and standards across the partners' markets.

The Bharti Group, which owns India's largest GSM-based wireless phone services provider under the Airtel name with over 8.5 million subscribers, is one of the seven firms in the venture. The others are Globe Telecom of The Philippines, Maxis of Malaysia, Optus of Australia, Taiwan Cellular Corporation, Telkomsel of Indonesia and Singapore Telecommunications (SingTel).

All member companies will have an equal number of shares and have a director on Bridge Mobile's Board of Directors.

- K.C. Krishnadas

EE Times





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