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YTL Corporation undertakes IT and e-commerce initiatives through 74%-owned YTL e-Solutions Berhad, which is a technology incubator listed on the Mesdaq Market of the Bursa Malaysia (Stock Code: 0009). YTL e-Solutions represents one of the Group's relatively newer organically grown business activities.
YTL e-Solutions has a market capitalisation of about RM716 million (US 208 million ). It currently has 12 investment holdings, including substantial holdings in Extiva Communications Sdn Bhd, a leading VOIP company serving the enterprise market, Infoscreen Networks PLC, a digital narrowcasting business listed on the AIM Market of the London Stock Exchange and Airzed Broadband Sdn Bhd, a broadband business.
Through 60%-owned Y-Max Networks Sdn Bhd (formerly known as Bizsurf (M) Sdn Bhd), it holds a Worldwide Interoperability for Microwave Access (WiMAX) licence for a 2.3 GHz wireless broadband access spectrum, which was awarded by the Malaysian Communications and Multimedia Commission (MCMC) to roll out a nationwide WiMAX network in Peninsular Malaysia.
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