Wednesday 24 Apr 2024
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KUALA LUMPUR (Oct 16): Time dotCom Bhd has entered into a 10-year agreement with Setia Haruman Technology Sdn Bhd (SHTech) in a deal that would extend Time’s high-speed broadband service and Main Market-bound Astro Malaysia Holdings Bhd’s broadband TV offering to Cyberjaya.

In a statement to Bursa Malaysia on Tuesday, Time said its unit TT dotCom Sdn Bhd (TTdC) will collaborate with SHTech to introduce 100% fibre-to-home and fibre-to-office services to an estimated 3,300 homes and 1,400 offices in Cyberjaya over the next decade.

“The services will enable customers to enjoy up to 100Mbps broadband speeds and subscribe to Astro B.yond IPTV packages,” the statement read.

Time expects the collaboration to “contribute positively” to its earnings for the current “financial year ending Dec 31, 2012 and beyond”.

The collaboration to jointly deliver Internet pay-tv (IPTV), broadband and voice telephony services will be extended to new buildings in Cyberjaya in the future, Time said.

TTdC will provide the active network infrastructure while SHTech — wholly-owned by Cyberjaya’s master developer Setia Haruman Sdn Bhd — will provide its active fibre network infrastructure.

At midday, Time was up two sen or 0.59% to RM3.40 with 528,700 shares traded. Astro is slated to debut on the Main Market on Friday.

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