Wednesday, September 03, 2008

Telekom Malaysia got Letter of Award for High Speed Broadband Project

After a couple of details, the Government of Malaysia has finally awarded the High Speed Broadband Project to Telekom Malaysia.

The full news quoted from The Star is here

KUALA LUMPUR: Telekom Malaysia Bhd has received a letter of award from the Government to implement the RM11.31bil high-speed broadband (HSBB) project.

TM said on Tuesday the project would be carried out in collaboration with the Government to deploy the access, domestic core and international networks to deliver an end-to-end HSBB infrastructure.

“The total cost of the HSBB investment for a period of 10 years is RM11.31bil whereby the Government will be investing RM2.4bil and the remaining RM8.91bil from TM,” it said.

TM said with the acceptance of the letter of award, the company and the Government would sign a formal agreement based on mutually agreed terms and conditions in due course.

It added that more details and relevant information would be announced when the HSBB agreement was signed.

On May 15, TM said it was pleased to learn the Government has approved the pertinent details and broad implementation strategies for the HSBB roll-out plan.

The plan was a key initiative in the effort to widen broadband penetration in the country. The HSBB coverage is expected to be available across 1.3 million premises.

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