YTL E-solutions Berhad (YTE-E), a subsidiary of YTL, has been slapped a fine of RM1.9 million by the Malaysian Communications and Multimedia Commission (“MCMC”)because Y-Max Networks(YMN),YTE-E's subsidiary failed to roll-out a WiMax network programme to achieve 25% population coverage by 31 March 2009.
Some background.
YMN was awarded the right to the 2.3 GHz spectrum in March 2007. Under the terms of the award, YMN was required to submit a business plan to MCMC with a roll out programme to achieve 25% population coverage by 31 March 2009. Subsequently, YMN changed its business plan and decided to build a nationwide network instead of undertaking a piecemeal roll out. Under its revised business plan, YMN will exceed the targeted coverage prescribed by MCMC by next year. The revised business plan has been submitted to MCMC for approval.
An appeal has accordingly been made to MCMC to reconsider its decision in light of the revised business plan submitted by YMN. YMN is awaiting the response from MCMC to its appeal.
Do you think MCMC was right to call the bluff to provoke the YTL bosses to sit upright to seriously look into their obligations?
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