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Press Release
- Mar 16, 2001 (The Star)

Telekom Hopes For RM15mil Revenue From New Application

TELEKOM Malaysia Bhd expects to rake in RM15mil in revenue from its latest Netmyne application.

The application, known as Netmyne Exchange 2000 (Netmyne E2K), is the result of a strategic alliance between Telekom Malaysia and two global IT players--Microsoft and Hewlett-Packard.

Netmyne, launched in November 1999, is the telco's web hosting service operated by its subsidiary Telekom Multimedia Sdn Bhd, which is currently serving 3,000 customers.

Telekom Malaysia chief executive Datuk Dr Mohd Khir Abdul Rahman said that Netmyne E2K helped the group move into another phase of its offering as a Web Application Services Provider (WASP).

Khir said the initial version of Netmyne, which was just simple and basic web hosting, had received overwhelming response and generated an annual revenue
of RM3mil.

"Looking at the promotional charges that we imposed on the first subscribers of Netmyne, we managed to get around RM3mil in revenue,'' Khir said.

"With this new product which is really a product for the business community, we feel that it is going to go close to RM15mil.

Khir told reporters this after the launching of Netmyne E2K in Kuala Lumpur yesterday.

Based on the figures quoted by Khir, Netmyne subscriber base would have to expand to 50,000 customers in order to generate that much revenue.

Netmyne currently operates four data centres with a total space of 11,000 sq ft
of web hosting facilities, catering to 300 servers at any one time.

It offers a range of basic and advanced web hosting which includes domain names, server storage, post office protocol (POP) mail, auto responder mail, file transfer protocol (FTP) accounts, hit counter, form submission, web statistics reports, server hosting, commerce hosting, domain parking as well as media hosting. -- Bernama

Watch the pre-recorded WASP launch here