KUALA LUMPUR (Dow Jones)--The Malaysian Communications and Multimedia Commission has slapped fines on three of four Wimax licensees for not rolling out their networks in time, the Star reported Wednesday.
The daily, citing unnamed sources, named the three players as YTL e-Solutions Bhd (0009.KU), which was fined 1.9 million ringgit ($558.8 million); unlisted AsiaSpace Bhd, fined MYR1.7 million; and REDtone International Bhd (0032.KU), MYR200,000.
According to the daily, the players are appealing against the fines.
WiMAX, or Worldwide Interoperability for Microwave Access, is a telecommunications technology that provides wireless transmission of data.
Dow Jones Newswires
October 27, 2009 19:30 ET (23:30 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc.
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