NasionCom Holdings Bhd is finalising a deal with state-owned China Satellite Communications Corporation (China Satcom) to offer Voice Over the Internet Protocol (VoIP) telephony services in the huge China market. Sources said NasionCom�s joint venture with the China telecommunications operator in the VoIP business could cover four major provinces � Shangxi, Shanghai, Beijing and Guangdong. China Satcom is one of China�s six telcos.
The sources said these four provinces account for about half of China�s 130 million broadband subscribers. The four provinces have a population size of 300 million. A source said NasionCom may take up a majority stake in the joint-venture vehicle, which could roll out the value-added VoIP services as soon as the middle of the year. When contacted, NasionCom executive director Peter Tham told FinancialDaily that the company was looking at potential overseas ventures but declined to comment further. A source said the deal would mark the broadband telephony services and discounted calls provider�s foray into the overseas markets. �If successful, this will be a small step towards making a quantum leap in its VoIP business,� a source said.
It is learnt that NasionCom will be making an initial investment of RM10 million under the first phase to roll out VoIP services in Shangxi. China Satcom found NasionCom to be a small and nimble, pro-business VoIP player,� the source said. Under the management of the Ministry of Information Industry, China Satcom is one of the six basic telecommunications operators in that country.
Its main services include satellite- special services in communications, broadcast, satellite mobile communications services, Internet services and VSAT services; 3.5G WLAN services; and audio, data and multimedia services based on satellite transmission technology.-theedgedaily
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