TM AND VADS GET HONG LEONG BANK IT MANAGEMENT CONTRACT

Telekom Malaysia Berhad (TM), through its subsidiary VADS Berhad (VADS), was recently awarded a five-year contract worth RM40.5 million by Hong Leong Bank Berhad (HLB) to wholly manage and maintain the bank’s network infrastructure.

Under the terms of the contract, TM will provide Managed Network Services (MNS) for HLB’s head office and its 198 branches nationwide using the Corporate Information Superhighway (COINS) platform.

COINS is a fully managed networking solution which offers seamless connectivity as well as effective sharing of information and database in a secured environment throughout the entire organisation. COINS is a 3-tier network architecture with a huge capacity of 10 gigabits per second. It leverages on TM’s nationwide fibre-optic infrastructure to provide reliable and cost effective network services based on the efficient Asynchronised Transfer Mode (ATM) and Frame Relay Technologies.

TM Retail’s Chief Operating Officer, Dato’ Adnan Rofiee, said, “We are very pleased to have won the trust of a banking leader like HLB. We are confident that with VADS’ extensive managed service capabilities and the COINS platform will help HLB in maintaining quality, secure and uninterrupted service for its internal and external customers across the country.”

VADS’ Chief Executive Officer, Dennis Koh added that VADS’ managed network services combined with cutting-edge technologies will enable HLB to enjoy the benefits of lower capital investment, flexibility and integration of diverse technologies, centralised network operations, management and support, which saves maintaining round-the-clock internal support staff, and customized billings.

Commenting on the contract, Group Managing Director of HLB, Yvonne Chia said, “As one of the country’s leading financial institutions, our business is dependent on efficient, secure and uninterrupted service. Therefore, we must have in place the necessary bandwidth and network efficiency.”

“We selected TM and VADS because we believe they are able to provide comprehensive, secure and leading–edge technologies and solutions for our business critical services. By commissioning TM and VADS, we can now direct and focus our resources on our core business,” Chia explained.

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 in 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 13 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 VADS Berhad
VADS Berhad, a subsidiary of TM, is a main board listed company on the Malaysia Securities Exchange Berhad. VADS provides Information, Communications and Technology (ICT) Management Services in the areas of Managed Network Services, Network Integration Services, System Integration Services and Contact Centre Services.

VADS managed network services help companies to effectively manage their corporate network to ensure a speedy and reliable transmission of information and communications. As a result, companies can focus their valuable resources on their core business competencies.

VADS Berhad has been in the business of providing Managed Services for more than 12 years.

For further information on VADS, visit www.vads.com.

About Hong Leong Bank
Hong Leong Bank is one of the fastest growing banks in Malaysia with a network of more than 180 branches nationwide, and one bank branch in Singapore and Hong Kong respectively. Listed on the Malaysia Stock Exchange since October 17 1994, Hong Leong Bank is a subsidiary of Hong Leong Credit Berhad, the financial services arm of Hong Leong Group Malaysia. The Hong Leong Financial Services group subsidiaries include Hong Leong Assurance Berhad and HLG Capital Berhad which offer a diversified range of life and general insurance, corporate advisory services, fund management, unit trusts, share financing, asset management, securities and stock broking services.

In reaching out to its customers, Hong Leong Bank continues to strive for service excellence in providing banking convenience.

For more information, please visit our branches, call Hong Leong Call Centre at 1-800-38-8888 during normal working hours or log on to Hong Leong Online at www.hlb.com.my.