REDTONE DIGITAL BERHAD
KLSE (MYR): REDTONE (0032)
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Posted by khchong78 > 2014-09-06 12:41 | Report Abuse
Redtone has recently set up a teleradiology hub Damansara Perdana in Petaling Jaya to interpret computed tomography (CT) scans, MRI and ultrasound images for domestic and regional hospitals and medical centres.
Wei explains that by outsourcing the services to REDtone, this will enable participating hospitals and medical centres to improve operational efficiencies and reduce their in-house specialist costs.
“We have invested about RM20mil to establish the teleradiology hub. We also have a grant of RM20mil from the Malaysia Industrial Development Authority for the new hub, which we hope to officially launch within the next two months,” he adds.
In addition, he says REDtone is currently offering teleradiology services in Vietnam and locally and is in talks with some parties in the Philippines and Indonesia to offer similar services.
While the new hub is expected to generate new income stream for REDtone, the group’s data, managed telecommunications network services and managed value-added services are expected to remain as the its main revenue contributor.
“In FY14, these three segments contributed about 60% to group revenue against 50% a year ago. We foresee contribution from these three business segments to group revenue to increase to 80% over the next two to three years over an enlarged base,” Wei explains.
He says the continuous strong uptake of REDtone’s telecommunications services and managed telecommunications network services would be another catalyst for the group’s better performance.
“We are tendering for projects from the Government and other parties worth some RM1.5bil. With our extensive industry knowledge, expertise and good track record, we are hopeful of getting a slice of the Time 3 extension project which is expected to be announced anytime now,” Wei says.
The Malaysian Communications and Multimedia Commission’s Time 3 Programme is aimed at providing voice and data connectivity in rural areas of Malaysia.
REDtone is also involved in another Universal Service Provision project under the Government’s “Kampung Tanpa Wayar” initiative.
Wei points out that REDtone’s network sharing and alliance agreement (NSA) with Maxis Bhd will contribute to group earnings for the next 10 years starting from FY15.
Market talk has it that REDtone is a rent seeker sitting on its 4G licence.
Wei says through a collaboration with Maxis on a NSA, this will help to facilitate REDtone’s roll-out obligation to cover 50% of the country’s population.
“For the group to comply with the 50% coverage requirement, our capital expenditure would have been RM390mil but we are able to do so with a much lower investment by riding on Maxis’ existing infrastructure and leasing the necessary capacity from them.
“We’re hoping to launch our 4G mobile services in the first quarter of 2015,” he explains.
Wei says REDtone’s business in China is focused on offering discounted call services and mobile reloads to consumers in Shanghai.
“It is doing well, continues to remain profitable and is a cash cow for the group. Following the recent divestment of Shanghai Hong Sheng Business Administration Co Ltd, part of the proceeds will be invested back to the China business to grow it further,”