Telekom Malaysia and WiNet ink wholesale deal

According to Bernama, Malaysian broadband operator WiNet Technology will invest MYR1 billion (USD283.5 million) over the next five years in the rollout of wireless broadband services. WiNet is reportedly the first company to sign a deal with incumbent Telekom Malaysia related to the latter’s high speed broadband (HSBB) project on a wholesale Ethernet basis. Commenting on the deal Lee Wai Tuck, WiNet’s CEO, said: ‘We will expand our wireless service broadband service to more than 2,000 locations nationwide by 2010,’ and it is understood that WiNet hopes to offer download speeds of up to 20Mbps. At present WiNet’s broadband service, which predominantly targets the consumer sector, is available in approximately 100 locations across Malaysia at speeds of 1Mbps, including Kulim, Sungai Petani, Alor Star and Langkawi. The operator aims to have signed up one million subscribers within the next three years. The deal between the two companies is worth MYR250 million.