Photo - CC Puan, CEO, Packet One Networks (P1)
Green Packet Group founder and chief executive officer CC Puan is now the CEO of Malaysian 4G Wimax firm Packet One Networks (P1), following Michael Lai's decision to move from the chief executive role for personal reasons.
"I had the great pleasure to carry out the first part of P1, CC Puan and the Board's vision to see P1 take its place as one of Malaysia's leading 4G telcos serving converged fixed and wireless broadband, and voice services with next generation technology," said Lai. "I pass the baton now to CC to assume the P1 CEO role. I believe he will be the best person to see P1 through to its ultimate goal."
Since P1's inception in 2008, Lai helped to attract more than half a million subscribers and reached positive EBITDA (earnings before interest, taxes, depreciation and amortisation) since the last quarter of 2011, while also securing a total of 50MHz of 4G spectrum on the 2.6GHz and 2.3GHz spectrum bands to pave the way for its full 4G TD-LTE transformation.
In addition, he secured P1's representation on international bodies such as the Global WiMAX Forum Board and the Global TD-LTE Initiative Steering Committee.
CC Puan, who has been acting P1 chief operating officer since January, thanked Lai for his contributions and said he would step in as P1's chief executive from 1 July 2013. "As founder of the business, I'm extra committed to see P1 succeed and will personally assume the P1 CEO role to enable me to directly shape P1's future and unlock its full potential."
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