SYDNEY 7th January 2004, SkyNetGlobal (ASX: SKG), today announced that it is on target to
complete deployment and testing of its Singapore WiFi network comprising of 119 McDonald’s eatin
restaurants, by the end of January 2004.
The SkyNetGlobal Singapore public wireless network will become the island’s largest single
branded chain of wireless hotspots at arguably the most convenient locations (literally 5 minutes
away from each other across Singapore), attracting 4.4 million visitors per month.
The CEO of SkyNetGlobal, Jonathan Soon said “The interest from potential major customers has
been very positive. We are currently in the process of finalising several major contracts and expect
to announce them shortly. SkyNetGlobal Singapore is expected to provide positive cash flows and
earnings to the group as early as this financial year ending June 2004.”
well this should help to bring the price up
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