Packet One rebranding to 'Webe'

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KUALA LUMPUR (April 13): Packet One Networks (M) Sdn Bhd (P1) is rebranding itself to "Webe" in line with the Internet service provider's new branding strategy.

P1 is jointly owned by Telekom Malaysia Bhd, Green Packet Bhd and South Korea-based SK Telecom.

In Malaysia today, P1 chief executive officer Puan Chan Cheong told reporters the company's rebranding coincided with its business development plan.

"P1 is Webe. We are currently in the final stage on user testing (for mobile network services), and we will be launching it very soon," Puan said at the launch of Webe Community, a mobile app to promote community projects.

He, however, declined to reveal when P1 would launch the mobile service.

Green Packet shares rose to become the most-active stock on Bursa Malaysia.

At 12:30pm, the stock rose two sen or 8% to settle at 27.5 sen for a market capitalisation of RM188.58 million. The stock saw some 69 million shares traded.