Jan/100
TM eyes McKinsey to meet HSBB target
KUALA LUMPUR, Jan 4 — Telekom Malaysia Berhad (TM) is mulling to give a RM20 million project to McKinsey & Co to ensure its RM11 billion high-speed broadband (HSBB) is on time to meet the 50 per cent broadband penetration target this year.
The telecoms utility’s board is due to meet tomorrow to decide on the consultancy’s terms as it races to meet its deadline set recently by Information, Communication and Culture Minister Datuk Seri Rais Yatim. It is understood the current broadband penetration rate is now at 32 per cent.
“The board will meet tomorrow whether to award McKinsey the contract to make sure we meet this year’s target. It is a bit silly as we have the real targets to achieve,” a company source told The Malaysian Insider.
It is learnt that associates from McKinsey’s US headquarters have promised expertise from Telefonica, the Spanish multinational telecommunications giant, to help TM meet the targets, which now also include mobile broadband.
Dec/090
TM’s RM11.3b broadband project
I know this piece of news was from last year, but I am exicited to see their progress and get highspeed broadband in Malaysia. I am guessing that TM needs to roll this out as soon as possible with the advent of wimax that is being aggressively promoted and provided by P1.
KUALA LUMPUR: Telekom Malaysia Bhd has received a letter of award from the Government to implement the RM11.31bil high-speed broadband (HSBB) project.
TM said on Tuesday the project would be carried out in collaboration with the Government to deploy the access, domestic core and international networks to deliver an end-to-end HSBB infrastructure.
“The total cost of the HSBB investment for a period of 10 years is RM11.31bil whereby the Government will be investing RM2.4bil and the remaining RM8.91bil from TM,” it said.
TM said with the acceptance of the letter of award, the company and the Government would sign a formal agreement based on mutually agreed terms and conditions in due course.
It added that more details and relevant information would be announced when the HSBB agreement was signed.
On May 15, TM said it was pleased to learn the Government has approved the pertinent details and broad implementation strategies for the HSBB roll-out plan.
The plan was a key initiative in the effort to widen broadband penetration in the country. The HSBB coverage is expected to be available across 1.3 million premises.
News item from: http://biz.thestar.com.my/news/story.asp?file=/2008/9/2/business/20080902181752&sec=business
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