MULTINET ANNOUNCES SETTING UP OF FUND
Telekom Malaysia Berhad's (TM) subsidiary
in Pakistan, Multinet Pakistan (Private) Limited (Multinet)
has set up a special earthquake fund in light of the earthquake
that shook the north of Pakistan.
In a statement released in Islamabad and
Kuala Lumpur, TM said that it will provide the initial contribution
of USD100,000 for relief efforts.
It was reported that the 7.6 magnitude
earthquake struck on Saturday about 100 kilometers north-northeast
of the Pakistani capital of Islamabad, in the forested mountains
of Pakistani Kashmir. More than 20 aftershocks of 4.5 magnitudes
had also affected the area.
"Multinet offices and infrastructure
were not affected by the earthquakes. However, we understand
that some members of the staff's families were affected. We
are trying to ascertain the status of devastation," said
Multinet Chairman Datuk Nur Jazlan Tan Sri Mohamed.
He added that he was moved by the death and destruction wrecked
by the earthquakes that did not know boundaries and did not
discriminate against social groups, race, religion or nationality.
Meanwhile, TM Group Chief Executive Officer, Dato' Abdul
Wahid Omar said, "We would like to extend our condolences
to the families who have lost their loved ones in this tragedy.
We are deeply saddened by the loss and we join others in urging
you to be strong in this time of bereavement."
He added that in this time of need, TM and Multinet should
instantaneously turn its attention to relief and reconstruction
efforts, which is indeed most necessary as thousands were
left injured and homeless in Pakistan.
It was reported that the quake killed approximately 22,000
people in northern Pakistan and India.
TM is present in Pakistan through TM International which
had entered into a joint venture fibre optic backbone project
with Multinet early in the year. The national backbone project
which would link over 75 major towns and cities in Pakistan
would involve the laying of a very high capacity fibre optic
backbone throughout the length and breadth of the country.
TM is looking to cooperate with other Government-linked companies
(GLCs) operating in Pakistan to assist the country and its
people to deal with the aftermath of the massive earthquake.
Meanwhile, the Malaysian Government had said that it will
donate USD1 million and send at least 50 aid workers to help
in Pakistan's earthquake relief efforts. A Malaysian contingent
comprising rescue personnel, doctors and government officials
is scheduled to depart for Pakistan later today. The team
is expected to remain in Pakistan for about two weeks.
About Multinet Pakistan
Multinet is a licensed Electronic Information Services (EIS)
Provider and Data Network Operation Services (DNOPS) Provider
in Pakistan. The company is committed to the expansion of
Information technology in the country and is enthusiastic
to see the tremendous interest taken by the Government of
Pakistan, which has prioritised growth in this area above
most other efforts. On 16 February 2005, TM International
announced the entry into a joint venture fiber optic backbone
project with Multinet Pakistan (Private) Limited (Multinet).
The deal was concluded on 5 April 2005. For further information
visit www.multi.net.pk.
About TM
Telekom Malaysia Berhad (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 an operating revenue of more than RM13
billion, TM 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 around Asia and globally, TM
is focused on sustainable growth in both the local and international
markets.
For further information on TM, visit www.tm.com.my.
About TM International Sdn Bhd
Through its investment-holding arm, TM International, TM is
one of the leading regional telecommunications companies with
interests in Singapore, Sri Lanka, Bangladesh, Pakistan, Indonesia,
Thailand and Cambodia. It also has selected investments in
Africa namely in Guinea and Malawi.
TM International 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.
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