Tuesday, September 28, 2010

REDTone up on 2.6GHz spectrum

KUALA LUMPUR: REDTONE INTERNATIONAL BHD []'s shares advanced on Tuesday, Sept 28 after its subsidiary REDTone Marketing Sdn Bhd secured a 20MHz block on the 2.6GHz broadband wireless spectrum.

The 2.6GHz spectrum will allow it to roll out high-speed broadband services, that is long-term evolution and 4G, and enable it to further strengthen its offerings to this core segment.

At 9.16am, REDTone was up two sen to 23.5 sen with 753,000 shares traded.


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