REDTONE Telecommunications, a leading computer telephony company in Malaysia, announced on Thursday a joint venture with Cyber Leap Data Solutions Ltd, to form REDtone Cyber Leap, in an effort to penetrate the Bangladeshi market.
It has set aside RM500,000 to kickstart REDtone Cyber Leap, which is expected to bring in RM5mil revenue in its first year of operations and RM10mil in the second.
REDtone Cyber Leap will spearhead REDtones Call Shop and payphone system implementation in Bangladesh, as well as roll out corporate services to small- and medium-sized enterprises, corporate clients and home users, said Wei Chuan Beng, chief executive officer of REDtone Telecommunications Sdn Bhd.
REDtone Call Shop system is expected to be extremely useful in Bangladesh where access to communications facilities is low. The country has 130 million people, but only has 500,000 fixed-line users, 1.2 million mobile phone users and more than 10 ISPs.
This is an excellent opportunity to promote Malaysian technology. We can raise technology awareness while providing tele-access in this one swoop.
REDtone Cyber Leap will use the proven REDtone-Telekom gateway technology and Telco billing system.
The community-based Call Shop services provided by REDtone Cyber Leap features voice mail service where users can retrieve their voice mail, send SMS and return calls at an affordable rate.