KUALA LUMPUR (Sept 1): Malaysian Resources Corp Bhd (MRCB) has inked a memorandum of understanding (MoU) with Telekom Malaysia Bhd (TM) to provide integrated telecommunications — be it traditional broadband or wireless — to the property developer's existing and upcoming projects.

MRCB's executive director Mohd Imran Mohamed Salim told reporters after the signing ceremony here today that TM had begun works on KL Sentral's buildings.

"The focus going forward will be on commercial premises and transport hubs," he said.

According to a statement, the MoU is to strengthen the existing telecommunication and information and communications technology (ICT) infrastructure at MRCB properties. At the same time, the two groups will look into providing Internet of Things (IoT)-enabled services for smart township services and smart building services.

TM chief technology and innovation officer Giorgio Migliarina said the beauty of this collaboration is that the telecommunications group will be able to work with architects and building owners to provide customised solutions that suit the businesses' and occupants' needs.

"Today, our business revolves around emphasising customers first. Imagine all the diversity in solutions we can provide to build a Smart City," he said.

The idea of building a Smart City will provide wireless and traditional broadband services to public safety and security, local authorities' information systems, commercial and retail components, schools, libraries, transport systems, hospitals, power plants, water supply networks, waste management, fire and rescue services, law enforcement, and others.

TM has invested in webe, its new wireless telecommunications service through its stake in Green Packet Bhd, to complete its quadruple play of telecommunications networks.

MRCB's share price closed up 3 sen or 2.4% higher to RM1.28, for a market capitalisation of RM2.7 billion. Meanwhile, TM fell 1 sen or 0.15% to close at RM6.83, for a market capitalisation of RM25.7 billion.