Telenor has opened a research and innovation centre (R&I) in Cyberjaya on 24 May 2006 despite it subsidiary in Malaysia DiGi unable to get 3G spectrum License in Malaysia.
“The centre, Telenor's first research facility to be located outside Norway, is another step in the company's internationalisation process and global innovation activities,” senior executive vice-president/head of Asian operations, Arve Johansen, said in a statement.
The centre is headed by managing director Dr Kristin Braa.
Telenor was reputable of it high tech open concept headquarter in Norway. DiGi's has built a smaller copy of such high tech building as it corporate headquarters in Shah Alam - is in its final stage of completion. I really envy DiGi employee who has the opportunity to work in such high tech building.
DiGi shares price hit RM9.30 on April 2006. DiGi shares price hit highest at RM11.70 on 8 May 2006. It close RM10.40 yesterday.
Earlier, on 19 May 2006, DiGi.Com Bhd expects net profit to grow at least 20% for the current financial year ending Dec 31.
For the first quarter ended March 31, 2006, net profit tripled to RM184.66 million from RM57.96 million a year ago due to improved margins and lower depreciation costs. The net profit, if annualised, would be RM738 million, exceeding most analysts’ estimates of RM566.62 million for the current financial year ending Dec 31, 2006.
Previously when I state in my blog post highlighting that DiGi shares price would hit RM9.30. A reader who unable to keep a job in research house post a comment in my blog claiming that smart investor never listen to analyst recommendations.
History, however, has proved that my blog post is accurate and his comment has come back to bite him.
Today, DiGi launch a talent search competition that focuses on a younger age group-DiGi Celebriteen.
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