RM1B REV­ENUE BY 2018

redONE banks on S-E Asian ex­pan­sion to achieve tar­get

New Straits Times - - Busi­ness - AMIR HISYAM RASID bt@me­di­aprima.com.my

TELECOM­MU­NI­CA­TIONS com­pany red ONE Net­work Sdn Bhd (redONE) is a step closer to be­com­ing a RM1 bil­lion com­pany with more rev­enue streams com­ing on­line and a grow­ing cus­tomer base in South­east Asia.

Founder and chief sales of­fi­cer Ben Teh said redONE was in the midst of ex­pand­ing into Sin­ga­pore, Thai­land, In­done­sia, the Philip­pines and Viet­nam.

“In Malaysia alone, we have more than a mil­lion cus­tomers. By year-end, we are tar­get­ing one mil­lion pre­paid and 1.5 mil­lion post­paid cus­tomers.

“In terms of rev­enue, we are con­fi­dent of achiev­ing at least RM500 mil­lion this year. Hope­fully, by 2018, we are a RM1 bil­lion com­pany after ex­pand­ing our net­work in South­east Asia,” he said at the launch of Aces­tar Sdn Bhd’s Adobe Cer­ti­fied As­so­ciate (ACA) Cham­pi­onship, here, yes­ter­day.

“We hope to start our Sin­ga­pore op­er­a­tions by the fourth quar­ter of this year.

“We will an­nounce our spec­trum part­ner in Sin­ga­pore next month. After that, we will move to other coun­tries.”

Teh said redONE would lever­age its high cus­tomer base to di­ver­sify its rev­enue streams by ven­tur­ing into dig­i­tal ad­ver­tis­ing and fi­nan­cial tech­nol­ogy.

“We will kick-start new ven­tures in these ar­eas this year as well. We have al­lo­cated RM5 mil­lion for this ven­ture,” he said.

Yes­ter­day, Aces­tar, in a col­lab­o­ra­tion with redONE and Adobe Sys­tems, launched its an­nual ACA World Cham­pi­onship in Malaysia to en­able lo­cal stu­dents to com­pete with their peers from all over the world.

The global com­pe­ti­tion aims to iden­tify the next gen­er­a­tion of de­sign pro­fes­sion­als us­ing Adobe Pho­to­shop, Adobe Il­lus­tra­tor and Adobe InDe­sign.

It is open for those aged be­tween 13 and 22 and they can sign up on­line.

Last year, of the more than 230,000 en­tries sub­mit­ted glob­ally, 33 stu­dents were se­lected to com­pete in Or­lando, Florida, for the cham­pi­onship ti­tle.

Aces­tar-spon­sored Malaysian Ni­cholas Ng Hwa Ee won the sec­ond prize last year.

Aces­tar ex­pects par­tic­i­pa­tion among Malaysian stu­dents to at least dou­ble this year.

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