Thursday, October 07, 2004

Smart Digital seeks Mesdaq listing

Satellite broadband provider Smart Digital Communications Bhd is seeking a listing on the Mesdaq Market by next March, and targets to raise up to RM40 million from the exercise.

Smart Digital offers one-way and two-way broadband satellite service that enables applications such as Internet service, teleconferencing, direct video broadcasting and voice-over-broadband service. The company, which started operation in 1996, has a paid-up capital of RM6.68 million. It had obtained licences for Network Service Provider and Network Facility Provider from the Energy, Water and Communications Ministry.

Smart had also secured a project from the government to provide Internet service to about 2,000 schools, especially in the rural area