DiGi.Com in talks with Thai mobile app developer

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KUALA LUMPUR: DiGi.Com Bhd, the country’s third largest mobile operator, is in talks with a Bangkok-based mobile app developer, Dreambase. Interactive DiGi is reportedly interested in its Thai entertainment content, Thai news reports said.

The Bangkok Post yesterday reported Dreambase is seeking to venture into Malaysia ahead of its rivals, that include Youtube’s Premium Content Channel and Netflix.

Dreambase is the developer of Watchever app, which provides services by a mobile video rental shop that includes concerts and live TV on the go.

DiGi officials could not be reached for comment.

According to the news report, Dreambase’s expansion plan into Malaysia is a bid to boost the firm’s revenue growth.

It quoted company founder Chatchai Tangchittrong as saying: “We have to go overseas and expand our channel distribution apart from offering mobile apps, as this will enable us to reach mass users and generate more revenue in future.”

Shares of DiGi closed up 0.17% at RM5.84 yesterday, bringing a market capitalisation of RM45.48 billion.

This article first appeared in The Edge Financial Daily, on September 30, 2014.