Astro Malaysia Holdings Bhd and Telekom Malaysia Bhd (TM) have formed a partnership to provide all Malaysians with a high-quality digital experience through the provision of reliable broadband and content services.
The companies said in a joint statement that Astro’s wholly-owned subsidiary MEASAT Broadcast Network Systems Sdn Bhd and TM signed agreements on Wednesday to collaborate as part of their commitment to supporting the Jalinan Digital Negara (JENDELA) initiative’s goal of expanding broadband coverage and improving the user experience nationwide.
They stated that as part of the agreement, TM will supply Astro with a comprehensive portfolio of infrastructure and connectivity solutions via its worldwide and wholesale business unit, TM Wholesale.
This category includes all wholesale services, such as high-speed broadband (HSBB), bandwidth, backhaul, and Internet access.
“Through this broad and robust fibre network architecture, TM and Astro will be able to provide their end users with high-quality and reliable connectivity,” the businesses noted.
According to the firms, Astro will also be able to supply broadband services to its consumers through TM’s HSBB service without having to develop new equipment, while simultaneously expanding its coverage across the country via a fibre network.
“With regards to Internet services, TM’s Internet access solution enables Astro to provide its clients with high-performance Internet connectivity and a comprehensive solution,” they stated.
Additionally, TM will supply Astro with its Content Delivery Network (TM CDN), a newly built material platform solution that delivers seamless, faster, and more secure digital content, enabling Astro to improve the efficiency of its current video streaming services.
Imri Mokhtar, chief executive officer (CEO) of TM group, stated that as Malaysia’s digital infrastructure accelerator, TM has always been a staunch proponent of infrastructure sharing.
“As a result, we are honoured to be granted this opportunity to combine our experience in order to provide Malaysians with high-quality broadband and content services.
“This strategic partnership also highlights our commitment to providing Malaysians with a seamless, ‘always-on’ connectivity experience. We are pleased to collaborate with Astro, and this is another another demonstration of our critical position as an enabler of Malaysia’s digital aspirations,” he added.
Meanwhile, Astro group CEO Henry Tan stated that the strategic relationship with TM creates the groundwork for Astro to become a provider of Internet services.
“Astro’s mission is to give the best digital experience and broadband value proposition to Malaysians.
“By leveraging the capabilities of TM’s extensive HSBB network, Astro will be able to expand our broadband service through content bundles or standalone broadband and other product lines. This agreement enables us to provide our clients greater value and convenience,” he added.
Astro’s share price remained constant at 99 sen at the midday break on Wednesday, valuing the firm at RM5.3 billion.
Meanwhile, TM shares were up one sen or 0.17 percent to RM5.76, valuing the business at RM21.8 billion.
Published by Zack Baharum