"Our country's telecommunications network is getting stronger now."
Malaysian telecommunications giants are seen to be actively cooperating with regional countries to expand their network and access to technology.
Currently, Telekom Malaysia Bhd's (TM) domestic and international wholesale business arm, TM Wholesale, will collaborate with Telin, a subsidiary of PT Telkom in Indonesia.
Through a memorandum of understanding (MOU) signed recently, the two companies will collaborate to find opportunities to expand the submarine cable business arrangement.
TM Wholesale executive vice-president Amar Huzaimi Md Deris said the collaboration would open up opportunities for both companies to deepen the capacity of submarine cables to meet the growing demand for broadband services.
He added that it also adds to the diversity of connections and other alternative routes for Malaysia to connect to the rest of the world, besides opening up prospects in exploring the most effective approach for the future of submarine cable in the region.
Telin's Chief Executive Officer (CEO), Budi Satria Dharma Purba, on the other hand, expressed his excitement over the collaboration which will open up opportunities such as buying, selling, upgrading and investing in submarine cables.
Clearly, the collaboration will also meet the needs of Telin’s stakeholders accordingly in ensuring connectivity that meets the demands of trends such as flexible work, video streaming and gaming continue to increase.
TM currently owns and leases 30 submarine cable systems spanning more than 320,000 kilometers worldwide while Telin owns and leases 22 submarine cable systems spanning 222,269 kilometers.
For the record, submarine cables are cables that carry telecommunication signals across oceans and seas.
Meanwhile, this is the second news this week regarding cooperation between telecommunication companies and regional countries, where Axiata has previously bought 3,000 towers in the Philippines.
As at noon, TM shares were trading up 2.90% at RM4.97 with a market capitalization value of RM17.76 billion.
