KUALA LUMPUR (Jan 7): Telekom Malaysia Bhd and NEC Corp said they had completed the installation of a submarine cable system at Melaka to improve global telecommunication connectivity.
In a joint statement today, Telekom Malaysia and NEC said the submarine cable system at Melaka formed a portion of the 20,000 km Southeast Asia-Middle East-Western Europe 5 (SEA-ME-WE 5) scheme.
Upon completion in 2016, the 20,000 km cable system will be linked via a fibre optic path between Southeast Asia, the Middle East and Europe, according to the statement.
Telekom Malaysia's executive vice president Rozaimy Rahman said: "The telecommunications landscape and needs in Malaysia are fast evolving and we are delighted to be able to support this development, together with SEA-ME-WE 5 consortium members.
“The installation of this new cable system presents greater opportunities to empower the Malaysian people, through an enhanced connectivity with Southeast Asia, the Middle East and Europe.”
At Bursa Malaysia, Telekom Malaysia shares fell six sen or 0.9% at 12:30pm to RM6.61, for a market capitalisation of RM24.84 billion.
Telekom Malaysia saw some two million shares traded.
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