Thursday 28 Mar 2024
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KUALA LUMPUR (May 31): Naza Communications Sdn Bhd (NCSB) expects to roll out 1,000 new telco towers within the next five years, as it banks on the country's new aspirations while remaining bullish on market potential.

"Despite various players in the market, NCSB is carving a niche for itself in the marketplace by offering future-ready enablement platforms to urban, sub-urban and rural areas," NCSB chief executive officer Fazirul Abdullah said in a statement today.

Next year, NCSB expects to roll out 300 to 600 telco towers, from the current 200 that it had erected across the country at an investment cost of RM20 million.

Looking at the telecommunications market potential in the country, Fazirul said the market has plenty of room for growth and expansion.

"While technology adoption has happened rapidly across the country with even school children in kampungs these days carrying mobile phones, coverage is still a problem with infrastructure lagging or not growing in tandem," the company added.

Understanding that there is a need for modernisation and innovation in the industry, NCSB believes that it has the capability to use its technology, industry know-how and solutions to connect the underserved areas in the country and bring them into the digital world, as it challenges industry norms to do so.

"One of the three main agenda for NCSB is exploring innovation for the rakyat, where we aim to bridge the communications gaps of the country by rectifying telecommunications 'blind spots' in rural, suburban and urban areas — sight or means of connectivity to the people or businesses in these areas — indirectly enabling increased revenues for all," Fazirul said.

NCSB said its other two agendas are enhancing technology advancement and growing its business footprint in the country.

"For this, the company is looking beyond traditional tower play and is set to become more of a technology player by reinventing the industry, i.e. exploring and creating a diverse range of products, as well as exploring new ways of doing business, and forming new revenue sources for the company," NCSB added.

In order to grow the business, Fazirul believes NCSB's footprint can be expanded strategically, which could be in the form of collaborations, acquisitions and organic growth.

"It is open to work with non-traditional technology players or any interested parties to realise this objective," he said.

Established in 2013, NCSB is a privately-owned telco infrastructure company of Naza Corp Holdings Sdn Bhd.

 

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