Global Transit Secures RM101 million In Regional Bandwidth Sales

115% Year-on-Year Revenue Growth

Kuala Lumpur, November 17 – Global Transit Communications Sdn Bhd (Global Transit) has secured RM101 million in regional bandwidth sales to leading telecommunications providers in Asia as of mid November 2011, marking a 115% year-on-year revenue growth.

Saiful Husni Samak, Chief Executive Officer of Global Transit said, “For a young company, Global Transit has captured significant share of the regional market connecting Asia to the world.

“The strong traction, a growth of 115% over the span of a year, has put Global Transit on the map as the alternative Asian gateway.”

To date, Global Transit serves 140 customers from various countries in Asia -- many of them Tier 1 fixed and mobile telecommunications companies -- establishing itself as a trusted and reliable regional player.

According to Saiful, “Out of the 200Gbps, some 90% of the total bandwidth delivered connects Asia to the U.S. while the balance is used to connect countries within Asia.”

Incorporated in 2005, Global Transit has become a fast growing, independent regional player that transmits large amounts of data within Asia and internationally.

Being a relatively new player in the industry, Global Transit has been operating at an Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) positive level for over three years.

In the last two years, its business has grown four times given the high demand in regional bandwidth.

Global Transit has built a robust and integrated terrestrial and subsea network around the globe to serve its regional customers. Currently, it has its points-of-presence (POPs) covering Malaysia, Singapore, Hong Kong, and the U.S., with rapid expansions plans in the pipeline over the next year.

According to telecoms market research firm TeleGeography, Asia Pacific is the fastest growing region in terms of demand in bandwidth with an estimated compound annual growth rate (CAGR) of 64% over the next 5 years[1].

Given the market demand and potential, Global Transit with its established regional presence, is in an ideal position to capitalise on the region’s growth.