Malaysian Wi-Max provider Packet One Networks (P1) has secured a $14.85 million loan from Malaysia Debt Ventures.

Malaysian Wi-Max provider Packet One Networks (P1) has secured Ma $14.85 million loan from Malaysia Debt Ventures. The funds will be invested in the expansion of the operator’s wireless broadband network and are a part of its total capital expenditure of $59.42 million for 2010. P1 is planning to set aside $297.37 million in capex over the next three years to expand its Wi-Max infrastructure to cover around 65 per cent of the country’s population by end-2012. It may also get listed on the Bursa Malaysia in two years, depending on market conditions.