TM, TNB collaborate to accelerate broadband reach
By Digital News Asia January 18, 2018
- The synergies will enable the most efficient cost structure
- Ensures the safety and security of strategic and critical infrastructure
TELEKOM Malaysia Bhd (TM) and Tenaga Nasional Bhd (TNB) on Jan 17 signed a Memorandum of Understanding (MoU) to jointly develop an implementation plan to deliver on the government’s Nationwide Fiberisation Plan (NFP).
This collaboration will capitalise on the combined strength of both Government-Linked Companies (GLCs) in terms of reach, infrastructure and expertise.
In particular, the synergies will enable the most efficient cost structure, and further accelerate the fibre broadband network reach.
This is in line with the government’s aspirations to drive Malaysia’s Digital Economy; as envisioned under both the NFP as well as the High Speed Broadband (HSBB) projects.
Further, the roll-out under TM and TNB, as two of Malaysia’s leading institutions, ensures the safety and security of the nation’s strategic and critical infrastructure.
The proposed network will also continue the existing open access participation of industry players to promote private sector competition in retail broadband.
The MoU was signed by Mohammed Shazalli Ramly, managing director/ group chief executive officer of TM, and Azman Mohd, president/ chief executive officer of TNB.
The MoU is subject to a definitive agreement to be signed between the parties upon finalisation of the commercial terms.