YTL E & AIR ASIA

YTL e- Solutions Bhd (YTLe), unit of YTL Corporation Bhd (YTL MK, Buy, TP: RM8.00), is investing RM2.5bn to build aWiMAX-enabled network that will have ample capacity to cater for 14m users. Its director Datuk Yeoh Seok Hong saidYTLe’s network roll-out was on track and the July 1 launch date for its service roll-out intact. “When we launch our servicesnext year, they will be available to 60% of populated areas. Our data speed will be three to four times faster than 3G speed,” headded. YTLe is working with US-based Clearwire, Cisco, Fibrerail and Samsung and is eyeing the untapped market that has nointernet access, which is about 80% of the population. (StarBiz)

AirAsia (AIRA MK, Buy, TP: RM1.90) has seen strong demand for its share issue worth US$172m (RM601m), which it willuse to reduce its debt, said CEO Tony Fernandes. Fernandes said the company’s new shares will be priced at a 5-10%discount to the market price of AirAsia shares at the time of issue. He noted that there was a lot of liquidity in the market andnow was a good time to reduce their gearing. (Malaysian Reserve)