Packet One Networks (P1) is a Malaysian converged telecommunications, broadband and 4G service provider. The company was founded in 2002 and is a subsidiary of Green Packet Berhad. In March 2007, P1 was one of four companies awarded 2.3 GHz spectrum licenses by the Malaysian Government to deploy 4G WiMAX services throughout Malaysia. In August 2008, P1 became the first company to launch commercial WiMAX services in Malaysia. In March 2014, Telekom Malaysia (TM) Berhad bought a 57% stake in P1 for RM 350 million. TM is to invest RM 1 billion in P1 over the next four years.