YTL Communications Rewards World-Class 4G Innovators with One Million US Dollars



Las Vegas, 8th January 2010 - YTL Communications Sdn Bhd, a communications provider poised to launch Malaysia's first nationwide 4G network, today officially announces the USD$1,000,000 'mYprize' Global Developer Challenge at the International CES 2010. The unique competition is designed to inspire entrepreneurs and innovators around the world to create exciting new 4G mobile Internet products and services for Malaysian deployment, and further positions the country as a regional centre of 4G excellence.


The USD 1,000,000 'mYprize' Global Developer Challenge


'mYprize' is a global competition aimed at challenging developers to create original applications and devices for YTL Communications' nationwide 4G mobile Internet network set to be commercially launched in Malaysia later this year. YTL Communications envisions a modern broadband nation enhanced by the Internet and supports technological innovation. In 2009, it created the YTL 4G Innovation Network and opened a testing centre at Sentul Park near Kuala Lumpur that will help to make the mobile Internet a reality throughout Malaysia.

Developers can submit their entries from Jan 8, 2010 until May 1, 2010. Ideas will be judged based on criteria such as the originality of the concept and its commercial potential. Finalists will be invited to demonstrate their products in person to a panel of expert and community judges. Winners will be announced in September 2010 and cash prizes will be awarded in multiple categories:

  1. Top Applications: 1st: USD$200,000; 2nd: USD$120,000; 3rd: USD$80,000
  2. Top 4G Devices: 1st: USD$200,000; 2nd: USD$120,000; 3rd: USD$80,000
  3. Malaysian-Only Prize: USD$120,000
  4. Top Device Idea: USD$40,000
  5. Top Application Idea: USD$40,000


Winning entries may be developed for mass deployment to customers upon launch of YTL Communications' nationwide 4G network in Malaysia in the second half of 2010. Interested developers can go to the 'mYprize' portal to learn more details, register and submit their entries online.

"We believe this exciting 'mYprize' Global Developer Challenge is a strategic impetus in propelling Malaysia into a truly cutting-edge incubation centre for 4G innovations," said Wing K Lee, Chief Executive Officer of YTL Communications. "We are confident that the applications and devices will help accelerate our mission of providing affordable, world-class quality products and services that improve the way people in Malaysia learn, work and play."

"Our YTL 4G Innovation Network expands the 4G ecosystem and enables the next wave of mobile Internet innovations by connecting the best minds across the globe in developing new consumer products via YTL's nationwide 4G mobile Internet network," Lee continued. "The network is linked with the Clearwire 4G WiMAX Innovation Network in Silicon Valley, a global hotbed for innovations, and provides developers opportunities for commercialization in Malaysia and beyond. Developers are able to incubate their ideas, with support from the world leaders in mobile Internet, giving people in Malaysia a new level of mobile Internet experience with products and services optimized for a high bandwidth, low latency 4G mobile Internet."

At the press announcement was Datuk Badlisham Ghazali, Chief Executive Officer of Multimedia Development Corporation (MDeC), a Malaysian Government Development Agency, driver of MSC Malaysia's National ICT initiative. "MSC Malaysia is excited to be witnessing this announcement of mYprize at a global landmark event at CES, as it truly shows the high level of commitment from YTL Communications in establishing a regional Center of Excellence for 4G Mobile Internet Innovation, thus also promoting and stimulating an innovative culture amongst Malaysians," said Badlisham. He also expressed his enthusiasm that the competition will generate worldwide interest from anyone with a great idea, as this will also be a platform for Malaysia to produce entrepreneurs and to attract innovators globally. MSC Malaysia's presence at the event exemplified collaboration between the public and private sector (MDeC and YTL) in leapfrogging Malaysia into an innovation-led economy as envisioned by the Prime Minister.

About YTL Communications Sdn Bhd.
YTL Communications Sdn Bhd is a subsidiary and the communications utility of YTL Power International Berhad (YTL Power International). The Company has approval from the Malaysian Communications and Multimedia Commission (MCMC) to operate a 2.3 GHz WiMAX wireless broadband network in Malaysia and intends to use this privilege to provide affordable, world-class services that improve the lives of people across Malaysia.

Financial backing from YTL Power International and technological know-how from strategic, best-in-breed partners including: Cisco, Clearwire, GCT and Samsung, will position YTL Communications as a leading player in the telecommunications industry and will lay the foundation for the roll out of a nationwide wireless broadband network by late 2010. As a responsible corporate citizen, YTL Communications is committed to bridging the digital divide between the urban and rural communities, improving the quality of life, and supporting efforts to promote technological innovation.

About YTL Power International
YTL Power International is a utility group active across key segments of the utility industry worldwide. Headquartered in Malaysia and listed on Bursa Malaysia (market capitalization RM12.9 billion (USD 3.8 billion) as at 31 October 2009), it operates in the United Kingdom, Singapore, Australia and Indonesia. Its core businesses include: power generation, retail and transmission, water and sewerage services. YTL Communications represents YTL Power International's first investment in the communications business. YTL Power International is a subsidiary of YTL Corporation Berhad ("YTL Corporation").

About YTL Corporation
YTL Corporation Berhad is one of the largest companies listed on the Bursa Malaysia, and together with its five listed entities has a combined market capitalization of about RM30.8 billion (USD9.1 billion) as at 31 October 2009, and total assets of over RM45 billion (USD13 billion). The company was listed in 1985, and has also had a secondary listing on the Tokyo Stock Exchange since 1996, being the first Asian (non-Japanese) company to be listed on the Tokyo Stock Exchange. YTL Corporation is an integrated infrastructure developer with interests in construction, power generation (in both contracted and merchant markets), cement manufacturing, water and sewerage services, property development, hotel development and management and information technology and e-commerce initiatives, serving over 12 million customers on three continents.