Green Packet share price has been rising steadily from last month. It moved up from RM0.33 to over RM0.60, almost 100% increased.
The appreciation was due to speculation of selling its mobile broadband unit Packet One Networks Sdn Bhd or P1 in short.
There are several local larger telco company as potential buyers like, YTLPower, DiGi and Telekom.
Green Packet holds a 57% of P1.
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