Monday, March 22, 2010

TM Invests RM1.9 Billion, To Date, To Develop HSBB


KUALA LUMPUR, March 18 (Bernama) -- Telekom Malaysia Bhd (TM) has spent about RM1.9 billion and the government some RM990 million, todate, in rolling out the high-speed broadband (HSBB), Group Chief Executive Officer Datuk Zamzamzairani Mohd Isa said Thursday.

The RM11.3 billion project, signed in September 2008, is a public-private partnership initiative between TM and the government to develop next generation HSBB infrastructure and services for the nation.

TM is putting up RM8.9 billion while the government is contributing RM2.4 billion on an incurred claims basis based on project milestones reached by TM.

Speaking to reporters here, Zamzamzairani said TM would continue to assume a role not only in providing HSBB to high-impact economic areas but also other services like Streamyx outside the focused area.

"We are expecting to get about 750,000 premises passed by end of this year," he said adding that pyhsical work for the 44 exchanges, out of 95 exchanges nationwide, would be completed by year-end.

The HSBB retail offering will comprise triple-play services of voice, video (IPTV and video on demand), and high-speed Internet starting from speeds of 10Mbps and upwards.

The initial four areas that will be covered by TM HSBB services, at the time of service launch, are Shah Alam, Subang Jaya, Taman Tun Dr Ismail and Bangsar.

Zamzamzairani said the roll-out of HSBB would contribute about one per cent to Gross Domestic Product (GDP).

"This one per cent is only direct impact, we expect it could be more than one per cent contribution to GDP if we are able to reach the targeted penetration rate," he said.

As of March 3, 2010, the household penetration rate stood at 33.2 per cent.

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