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VASSETI ATTRACTS REGIONAL COMMUNICATION PLAYERS TO INCREASE HOLDINGS

 Dated 29th April 2013

 Local ISP and Cellular players welcomes Vasseti’s Malaysian Costal Network (MCN)

*Analysts Project Vasseti – symbol: 1VS to 1 EUR – ASIA’s Growth Potential is Expected in 2013 - 2014

KUALA LUMPUR – APRIL 29th, 2013 – Vasseti (UK) Plc (Frankfurt: symbol: 1VS) V Telecoms Berhad, a subsidiary of Vasseti (UK) Plc, which owns and is deploying the Malaysian Costal Network that forms part of the Vasseti South Asian Network or commonly known as VSAN has generated enormous interest from local carriers. The company’s philosophy of being a neutral player or carrier has been warmly welcomed by all players in the telecomunication industry as they seek ways to channel resources and cash into marketing and sales activities instead of costly civil and installation works. Being a neutral carrier allows other players to shift their burden and cost of deploying new infrastructure of their books. http://vsanetwork.info/  

The Company deploys Metro-E, which is known, as Optical Metro Ethernet and is the latest development/advancement in network technology; it makes network operations simpler while enhancing capacity and flexibility resulting in very competitive network services. VTEL’s network spans across Peninsular Malaysia – covering all major cities and towns as well as connecting the borders of Singapore and Thailand. The available trunk capacity is currently 320Gbps – which is being upgraded to more than 3 Tbps with additional infrastructure. VTEL also has its own cross-border Metro-E link in Malaysia into Singapore and Thialand. http://vsanetwork.info/  

Tier-1 players now are also shifting their focus into Metro-E as most “enterprise” companies are looking at Metro-E solutions for their use, therefore instead of re-deploying the network, it would be more economic to utilize Vasseti’s Network as its already Metro-E ready. According to the companies Chief Technology Officer, Mr Sayed Mustafa, there have been numerous enquiries form Local Cellular companies, such as Celcom, Maxis, Digi as well as regional players from Thailand and Singapore for their deployments.  http://vsanetwork.info/  

CONTACT                Investor Relations Team

CATEGORY             Telecommunication and Information Technology

EMAIL         info@vasseti.co.uk

WEB          www.vasseti.co.uk / http://vsanetwork.info/

Frankfurt Stock Exchange (“FSE”) trading under the Symbol 1VS : GR

 

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.

 

 







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