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Big China Telco in XOX's RM10bil 5G Venture
SUSCandy12
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Jul 20 2020, 12:09 PM, updated 3y ago
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Big Chinese Telco in XOX's RM10bil 5G Venture? https://www.nst.com.my/business/2020/07/609...0bil-5g-ventureQUOTE KUALA LUMPUR: A large telecommunications (telco) provider from China is believed to be working on a plan with XOX Bhd to build the fifth-generation (5G) wireless mobile network in Malaysia, with an investment of up to RM10 billion.
Sources with knowledge on the matter said that the deal was being brokered by a China-based venture capitalist and that XOX would receive the letter of intent (LoI) this month.
Officials from XOX were not contactable at press time.
It is understood that the China telco would invest in the infrastructure to roll out the 5G as early as next year.
The names of five telcos have emerged, including Huawei and China Mobile.
5G is a new global wireless standard after 1G, 2G, 3G, and 4G networks.
5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices.
The United States, China and South Korea, are leading the world in building and deploying 5G technology.
Some of the key players in global 5G infrastructure market include Qualcomm, Samsung, Huawei, Verizon Communications, Cisco, AT& T, ZTE, and China Mobile.
Shares of XOX traded heavily on Friday, surging 47.83 per cent to hit a four-year high of 17 sen in afternoon trade after it announced a micro-finance partnership with Wetek Technology (M) Sdn Bhd.
The stock closed 15 sen, giving the company a market capitalisation of about RM204 million.
It was also the most active stock on Bursa Malaysia with around 824.3 million shares traded, representing a massive increase over its 200-day average trading volume of 31.52 million. Wetek Technology? Is this company related to WeChat Pay and Tencent?
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lurkingaround
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Jul 20 2020, 02:15 PM
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But XOX where got 5G spectrum license.? Ini maciam stock play to earn a quick huge profit, ie bought-low-n-sell-high-now. Later XOX close shop.?
How will the government allocate the 5G spectrum.? To the celcos or to a consortium of celcos.? .
This post has been edited by lurkingaround: Jul 20 2020, 02:16 PM
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SUSCandy12
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Jul 20 2020, 02:17 PM
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QUOTE(lurkingaround @ Jul 20 2020, 02:15 PM) But XOX where got 5G spectrum license.? Ini maciam stock play to earn a quick huge profit, ie bought-low-n-sell-high-now. How will the government allocate the 5G spectrum.? To the celcos or to a consortium of celcos.? . XOX direct local partner is Green Packet which was the former owner of P1 then sold to TM(Webe). Now under Unifi Mobile brand name. The trace points there.
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lurkingaround
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Jul 20 2020, 02:40 PM
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QUOTE(Candy12 @ Jul 20 2020, 02:17 PM) XOX direct local partner is Green Packet which was the former owner of P1 then sold to TM(Webe). Now under Unifi Mobile brand name. The trace points there. . https://www.cnbc.com/2020/06/25/huawei-lose...g-networks.html - Huawei loses out to Nokia, Ericsson in building Singapore’s main 5G networks - 25 June 2020 = the Singaporean celcos, ie Singtel will buy its 5G equipment direct from Ericsson and Starhub and M1 will buy their 5G equipment direct from Nokia. So, the above XOX news is a bit dubious. Anyway, let's wait and see but better to avoid buying XOX shares. ....... https://www.soyacincau.com/2020/05/20/chine...to-roll-out-5g/ - Chinese telco group to partner with Green Packet and XOX to roll out 5G ? - By Alexander Wong 3:47 pm, 20 May 2020 ''''''' Meanwhile, XOX shares had risen to RM0.06 which is double from RM0.03 on the 4th of May.''''''' . This post has been edited by lurkingaround: Jul 20 2020, 02:42 PM
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nexona88
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Jul 20 2020, 02:43 PM
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Unless XOX got some big cable to get 5G spectrum... This just speculation only.... Heck previously even U Mobile failed... So I doubt on XOX...
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lurkingaround
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Jul 20 2020, 02:49 PM
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Remember, local Chinese businessmen, some are conmen but still legal. Caveat Emptor. .
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SUSCandy12
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Jul 20 2020, 02:51 PM
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QUOTE(lurkingaround @ Jul 20 2020, 02:49 PM) Remember, local Chinese businessmen, some are conmen but still legal. Caveat Emptor. . Just take the news as a pinch of salt. Stock investors don't take this too seriously.
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nexona88
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Jul 20 2020, 03:00 PM
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well can just ride the wave only...
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ezekieldavidchong
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Jul 20 2020, 08:53 PM
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QUOTE(Candy12 @ Jul 20 2020, 02:17 PM) XOX direct local partner is Green Packet which was the former owner of P1 then sold to TM(Webe). Now under Unifi Mobile brand name. The trace points there. XOX is using celcom line Where got direct partner with P1
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ezekieldavidchong
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Jul 20 2020, 08:56 PM
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If 5G got to follow celcom Network
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SUSCandy12
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Jul 20 2020, 09:34 PM
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QUOTE(ezekieldavidchong @ Jul 20 2020, 08:53 PM) XOX is using celcom line Where got direct partner with P1 News about this actually has been out since May this year. Chinese telco group to partner with Green Packet and XOX to roll out 5G?https://www.soyacincau.com/2020/05/20/chine...to-roll-out-5g/
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nexona88
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Jul 20 2020, 11:04 PM
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QUOTE(Candy12 @ Jul 20 2020, 09:34 PM) News about this actually has been out since May this year. Chinese telco group to partner with Green Packet and XOX to roll out 5G?https://www.soyacincau.com/2020/05/20/chine...to-roll-out-5g/Agents didn't get memo yet. Pity them all.. all don't know what's going on 🤣🤭
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JLA
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Jul 21 2020, 08:07 AM
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XOX Berhad > XOX MOBILE Sdn Bhd > One XOX Sdn Bhd
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GEN.2
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Jul 21 2020, 12:42 PM
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Getting Started
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Impossible China will invest 10B in Malaysia. Just see in Malaysia, which project invested by China company that valued RM10B? Con Malaysian people got alot la..even in listed company in Bursa. XoX will denied it if Bursa make query about it.
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SUSCandy12
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Jul 21 2020, 07:57 PM
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QUOTE(GEN.2 @ Jul 21 2020, 12:42 PM) Impossible China will invest 10B in Malaysia. Just see in Malaysia, which project invested by China company that valued RM10B? Con Malaysian people got alot la..even in listed company in Bursa. XoX will denied it if Bursa make query about it. News fresh just yesterday evening. XOX Chief Confirms Big Chinese Telco's Interest in RM10bil 5G Venturehttps://www.nst.com.my/business/2020/07/610...0bil-5g-ventureQUOTE KUALA LUMPUR: XOX Bhd top executive confirms that the company has been approached by one of China's top telecommunications (telco) groups to build the fifth-generation (5G) wireless mobile network in Malaysia with an investment of up to RM10 billion.
XOX chief executive officer Ng Kok Hen declined to name the company but said it was among the top three mobile groups in China.
"We are waiting for the proposal and will make the appropriate announcement soon. The 5G is a direction we are moving into to diversify our revenue stream. If the deal goes through, the investment will be spread out over five to six years and the Chinese group will develop the infrastructure," he told the New Straits Times (NST).
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lurkingaround
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Jul 21 2020, 10:30 PM
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QUOTE(Candy12 @ Jul 21 2020, 07:57 PM) News fresh just yesterday evening. XOX Chief Confirms Big Chinese Telco's Interest in RM10bil 5G Venturehttps://www.nst.com.my/business/2020/07/610...0bil-5g-venture. All this is just talk only by XOX. What do the Big 3 celcos say.? Do the Big 3 celcos intend to buy their 5G equipment from this XOX-Chinese JV.? What does the Minister-in-charge say.? silent_stalker Ada inside information.? Thanks. .
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silent_stalker
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Jul 21 2020, 10:40 PM
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QUOTE(lurkingaround @ Jul 21 2020, 10:30 PM) . All this is just talk only by XOX. What do the Big 3 celcos say.? Do the Big 3 celcos intend to buy their 5G equipment from this XOX-Chinese JV.? What does the Minister-in-charge say.? silent_stalker Ada inside information.? Thanks. . No idea.
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lurkingaround
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Jul 22 2020, 09:11 PM
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https://www.nst.com.my/business/2020/07/610...ial-shareholder - Li Ka-Shing's associate now XOX's substantial shareholder? - By Sharen Kaur - July 22, 2020 ''''''' KUALA LUMPUR: A new substantial shareholder, linked to Hong Kong business magnate Li Ka-Shing, has emerged in XOX Bhd, which is focusing on fifth-generation (5G) wireless mobile network development in Malaysia.
XOX, in a filing with Bursa Malaysia today, said Daniel Tam now owns 7.05 per cent of the company.
Tam is a shareholder and director of a large conglomerate listed in Hong Kong, in which Ka-Shing holds a substantial stake. ''''''' jeng jeng jeng.! XOX akan manyak untung dalam 5G business in Malaysia.? Believe or not, it's up to you. In May 2020, XOX share price = RM0.03. Today's price = RM0.20, ie July 2020. Next month = RM1.00.? If true, those who bought at RM0.03 in May will untung 33,000% in Aug. ....... If not true,(= last kopek by legalized conmen before close shop) the World Stock Market is likely gonna crash quite soon, eg before the Nov 2020 US elections. Just my 2 cents. . This post has been edited by lurkingaround: Jul 23 2020, 07:23 AM
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JLA
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Jul 23 2020, 12:56 AM
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what XOX Bhd doing with 5G ? Own network also dont have.
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lurkingaround
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Jul 23 2020, 07:34 AM
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QUOTE(JLA @ Jul 23 2020, 12:56 AM) what XOX Bhd doing with 5G ? Own network also dont have. . It's possible that the Minister-in-charge will "order" all the 5G-allotted celcos to buy all their 5G equipment from this XOX-China JV via a closed tender. If so, there will be a lot of hoo-haa from the opposition parties and news media. So, this scenario is unlikely because of political risk for the PN government = may lose the next election. ........ So, the other reason of stock-play or manipulation is more likely. Let's just wait and see. .
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