TELEKOM MALAYSIA ANNOUNCES JOINT VENTURE FIBER BACKBONE PROJECT IN PAKISTAN
Telekom Malaysia Berhad (Telekom Malaysia)
through its wholly-owned international investment arm, TM
International (L) Ltd ("TM International") announced
today the entry into a joint venture fiber optic backbone
project with Multinet Pakistan (Private) Limited (Multinet).
In a statement released simultaneously in Islamabad and Kuala
Lumpur today, Telekom Malaysia said that the national backbone
project which would involve the laying of a very high capacity
fiber optic backbone throughout the length and breadth of
the country, spanning over 4,000 km, is expected to be completed
in about eighteen to twenty-four months time.
The backbone will link over 75 major towns and cities in
the country and will provide over 10 Gbps of 'bandwidth-on-demand'
and 48 strands of 'dark' fiber for the use of other telecom
operators and businesses such as Mobile Phone operators, WLL
operators, LDI and LL operators, Cable Television companies,
ISP's, Broadband ISP's, Academic Institutions (Schools, Colleges,
Universities), Utility companies, Call Center companies, Software
Development Houses (ISV's), Banks and Financial Institutions
and to other Enterprise and Small business customers as well.
The signing and delivery of various agreements by the relevant
parties took place in Islamabad, witnessed by Pakistani Prime
Minister Shaukat Aziz and Malaysian Prime Minister Datuk Seri
Abdullah Ahmad Badawi, who is also on a four-day official
visit to Pakistan.
"This is our first investment in Pakistan and we are
excited about this. It is also a new area of investment for
us, paving the way to venture into other possible lucrative
segments of the Pakistan telecommunications industry,"
said Telekom Malaysia Chairman Tan Sri Dato Ir Mohd Radzi
Mansor, who was in attendance.
Nasser Khan Ghazi, CEO of Multinet Pakistan said: "The
national fiber optic backbone will be a great enabler of all
segments of businesses in Pakistan and will greatly help the
continued strong economic growth of the country. We are indeed
very excited to be working with a major regional Telecom giant
and expect to rollout the infrastructure at an aggressive
pace."
About Telekom Malaysia
Telekom Malaysia (TM), a leading regional information and
communications group, offers a comprehensive range of communication
services and solutions in fixed-line, mobile, data and broadband.
As one of the largest listed companies on Bursa Malaysia,
with operating revenue of more than RM13 billion, Telekom
Malaysia is driven to deliver value to its stakeholders in
a highly competitive environment. The Group places emphasis
on continuing customer service quality enhancements and innovations.
Currently with investments and operations in 12 countries
across Asia and globally, Telekom Malaysia is focused on sustainable
growth in both local and international markets.
About TM International
TM International is one of the leading regional investors
in mobile companies with interests in Indonesia, Sri Lanka,
Bangladesh and Cambodia. It also has selected investments
in Africa comprising Guinea, Malawi and Ghana. It has a track
record of adding value to its investments, and an approach
which focuses on developing the skills and capabilities of
its local management teams and working in partnership with
these local teams to achieve strong market positions and profitability.
For further information on Telekom Malaysia and TM International,
visit www.telekom.com.my.
About Multinet Pakistan
Multinet Pakistan is Pakistan's leading provider of broadband
services such as DSL Broadband, Gigabit Metro Area Broadband,
Wireless Broadband and allied services such as Cable Television,
Corporate Networking Services and other value added services.
For further information visit www.multi.net.pk
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