Leading telco and utility GLCs join hands to expand national broadband reach in Malaysia
According to a joint press statement, Malaysian Government-Linked Companies (GLCs) Telekom Malaysia Berhad (TM) and Tenaga Nasional Berhad (TNB) joined hands to expand national broadband reach in Malaysia.
Earlier this month, the two leading GLCs signed a Memorandum of Understanding (MoU) to jointly develop an implementation plan to deliver on the Government’s Nationwide Fiberisation Plan (NFP).
In March last year, the Government of Malaysia announced the NFP which aims at doubling the speed of fixed broadband and expanding the reach of the broadband network into rural areas.
The collaboration aims at accelerating the expansion of fibre broadband network reach in Malaysia by establishing a cost-efficient and safe strategic and critical infrastructure that taps on the combined strength of the two companies in terms of expertise, infrastructure, and reach.
According to BorneoPost, the AmInvestment Bank was quoted to forecast that the two GICs might share resources such as the existing fibre network, control centres, other transmission systems and building facilities under this collaboration.
The move is in line with the Malaysian Government’s Nationwide Fiberisation Plan (NFP), the High Speed Broadband (HSBB) projects, as well as its overall goal to strengthen digital economy in Malaysia.
According to reports on MalayMail Online, although the two companies have signed an MoU, they are still finalising the commercial terms of a definite agreement which will be announced in due course.
TM is a leading communications services provider in Malaysia, offering a range of communication services and solutions ranging from fixed telephone and broadband, mobility, content, wifi and other smart services.
TNB is the main electricity provider in Malaysia. With its core activities being generation, transmission and distribution of electricity, it transmits and distributes all the electricity in Peninsular Malaysia, Sabah and Federal Territory of Labuan. It is estimated that TNB is serving close to 9.2 million customers.