3G Spectrum : Timecom & MiTV (Nscom) win, Digi Lose

This is an unbelievable result for the 3G license bidding in Malaysia. Digi is the company with high expectation, resources, competence to obtain 3G license in this 2nd round 3G license bidding. However, the outcome is dissappointed. The reason for not getting the license is not reveal, however, we guess that the reason is because Digi is majority foreign owned entity. The way govt treated foreigners will not be tolerance. I doubt that Malaysia can become a FDI investment centre in vision 2020. This can be assured and time will prove.

Timecom, government related corporation has a high chance to get the license eventhough it has no much capital and human resources to develop and implement the services. However, there is one important reason, of which it can support the company to get the license. It is a government owned company, largest shareholder is Khazanah (Malaysia National Investment Arm).

MiTV, a new subscription-based TV company, related to Vincent Tan. This is a surprise for me because no one will think he will get the license because this company is new and has no track record for business. Nonetheless, it is one important reason it can get because it is belong to Vincent Tan. Some rumour saying government owed him a favor because of horse racing license. What do you think? He is damn smart for disposing most of his stake in Digi just not long ago so that he can sit back and relax to face with this cruel result for Digi.

Digi share price fallen 90 cents to RM7.85 on friday. Hopefully, it can recover in next week since it is a overreact for panic shareholders. We will see...time will prove.

There are tons of comments (Criticize govt) i have read. I believe they are right. But we can know and discuss this matter over and over in internet. I must say individual investor or as a citizen, we really know what is the govt intention, we are not stupid. We have no hope for our govt for doing any good thing to our corporate Malaysia.