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Leading telco and utility GLCs join hands to expand national broadband reach in Malaysia

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.

Featured image: Tmthetom/ CC BY-SA 4.0