Digi.Com Bhd., the Malaysian mobile- phone company controlled by Norway’s Telenor ASA, signed an agreement to sell Apple Inc.’s iPhone in Malaysia to tap growth in a market that it forecasts will surge 10-fold in five years.
“Growth is coming back this year,” Digi’s Chief Executive Officer Johan Dennelind said in an interview with Bloomberg television in Kuala Lumpur today. Digi will start selling iPhone 3G and 3GS in “coming months,” he said.
The three-year agreement will help Digi increase sales more than 5 percent cent this year, higher than the industry average, Dennelind said. Digi’s sales rose 2 percent last year, slowing from 10 percent in 2008 as Malaysia’s economy shrank 1.7 percent. The government forecasts economic growth of more than 4 percent this year.
This indeed a very good news for consumer and maxis monopoly Iphone ended.
Source : http://www.businessweek.com
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