(Business Times (Malaysia) Via Thomson Dialog NewsEdge) ASIA Gateway Communications, in which the Perak Government has just bought a 40 per cent stake, expects a revenue of US$100 million (RM366 million) in five years from its burgeoning regional Red Snapper voice over WiFi project.
Asia Gateway chief executive officer Braham Singh said the first-year revenue is targeted at about US$10 million, (RM36.6 million) while the breakeven point should be seen in 12 to 18 months.
The Red Snapper project offers VoIP (Voice over Internet Protocol) over WiFi-cellular handsets and allows smooth handover between WiFi and cellular. This is made possible with the Altai technology designed by Altai Technologies of Hong Kong.
Braham said the project would hub out of the Multimedia Super Corridor (MSC) in Ipoh.
Asia Gateway yesterday signed an agreement with Perak State Economic Development Corp for the stake sale.
In return for that 40 per cent stake, Asia Gateway has been given a 7.67ha site in Pulau Pangkor, and a 1.62ha site in Meru and the use of Perak Techno Trade Centre in Meru.
Menteri Besar Datuk Seri Tajol Rosli Ghazali said he was more keen in developing "Wireless Perak", rather than making money out of the venture.
"While businesses will now get broadband at competitive rates, Wireless Perak will also provide Internet access to students and weaker sections at subsidised rates.
"When fully deployed, Wireless Perak, through the Red Snapper project, should allow one to sit in our parks and enjoy free Internet," he said.
Tajol expects 60 per cent of towns in Perak and 80 per cent of Ipoh in particular, would be "Wireless Perak" before Prime Minister Datuk Seri Abdullah Ahmad Badawi launches Perak MSC in September.
Elaborating on the project, Braham said Red Snapper's unique wireless broadband solutions means ISPs (Internet Service Providers) and fixed line carriers now have the ability to offer mobile over existing WiFi-GSM, CDMA and 3G handsets.
He also said Asia Gateway had launched a separate business unit solely to market and sell Altai long-range base stations to Asian carriers, ISPs, government institutions and city municipalities for both data and voice last mile deployments.
It means that Marketing strategy in Perak can be widened to a new prospect. Investor and business player can advertise their product easily throughout the internet focusing in their market in Perak.
This is an opportunity for those who are clearly on their way to utilize the new technology.
Nevertheless the project should be accomodated with a holistic approach, in order to keep it safe and clean for youngster and youth. It also
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