Dialog GSM says it is planning to create competition in international submarine bandwidth. Last Friday the IFC gave US$ 50 million in loan funding to the fast expanding mobile operator.
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Dialogs parent, Malaysia Telecom, a shareholder of the SEA-ME-WE 3 cable, initially invested US$ 140 million and has committed a further US$ 90 million.rn
rnIFCs US$ 50 million will allow Dialog to increase its investment to US$ 230 million by end of 2005.rn
rnBut the IFC money came without a guarantee from the parent.rn
rnldblquote The fund has come without any support from the parent company. Dialog was able to prove they are capable, dblquote Tan Sri Mansor, Chairman, Telekom Malaysia said at a media briefing last week.rnTelecom Malaysia is also preparing to transfer a part of its bandwidth entitlement on the SEA-ME-WE cable to Dialog allowing dialog direct access to an international submarine cable.rnDialog says it is planning to create competition in international bandwidth pricing.rnldblquote Dialog