Remember mTouche Technology’s mobile P2P network; M-Bit Network?
Well, they’ve paired up with Japan’s IWAI Group Pte. Ltd. to bring the technology there. I believe this to be an excellent strategic move on mTouche’s part because as most of you probably know, Japan has one of the most advanced mobile networks in the world.
KUALA LUMPUR, 18th April 2007 – MESDAQ-listed mTouche Technology Berhad (‘mTouche’) today announces its business foray into Japan in a strategic bid to launch its latest 4th Generation (4G) mobile content offering M-Bit Network to one of the world’s most advanced mobile nations.
This business manoeuvre sees a subscription of shares for 10 per cent by IWAI Group Pte. Ltd. for USD100,000 in mBit Pte Ltd – a 60 per cent owned mTouche subsidiary which provides M-Bit Network.
Eugene Goh, CEO of mTouche said, “For mTouche, Japan is both enormously prospective with a mobile population of more than 100 million subscribers, and technologically advanced with established 4G networks.”
“And there is no better way to penetrate such a dynamic mobile market as Japan than to tie up with the very parties with the necessary knowledge, experience and business networking relationships in that market.”
IWAI Group Pte. Ltd. (‘IWAI’) is an investment holding company that invests in select IT ventures across Asia, with the objective of bringing good technology and services into the Japanese market.
According to Goh, this share subscription by IWAI in mTouche’s subsidiary is just one of mTouche’s initial strategic plans to launch its M-Bit Network into 4G-ready mobile markets such as Japan and Korea.
M-Bit Network is the world’s first peer-to-peer (P2P) search and file super-distribution network. It is lauded as the first of its kind in the world because it allows the sharing of content files (a capability known as peer-to-peer or P2P technology), between mobile phones via transmission over wireless mobile networks; whereas right until now P2P technology has been limited to the sharing of content files stored in computers over fixed wired networks.
Goh said, “The technological capability facilitated by M-Bit Network is extremely attractive to mobile network, service and content providers in these 4G markets as it opens up a whole new dimension of commercial opportunities and social trends for that mobile community.”
mTouche has received strong interest for M-Bit Network and plans to launch it with at least one major carrier in Japan by the end of 2007; with a target user-base of one million subscribers at a subscription charge that is in line with the market’s average mobile value-added services fee.