KUALA LUMPUR (April 20): Electrical and mechanical engineering service provider Kejuruteraan Asastera Bhd (KAB) has teamed up with privately held MRH Empire Sdn Bhd to venture into the telecommunication infrastructure sector to grow its recurring income.
In a filing with Bursa Malaysia on Wednesday (April 20), KAB said its wholly-owned subsidiary KAB Telco Sdn Bhd (KABTEL) has entered into a term sheet with MRH to form a joint venture (JV) in respect of the identified projects and prospective projects. Under the JV, KABTEL will hold a 60% stake in the JV company and MRH the remaining 40%.
MRH, which is 99.9% owned by Mohamad Ezzul Na'im Mohd Roahizee and 0.1% by Mohd Rohaizee Hashim, operates a network of multi-operator telecoms towers and provides facilities and services relating to maintenance of telecoms towers, owns the telecoms structure and fibre for in building coverage.
MRH has obtained approvals to survey and develop telecoms towers in up to 1,342 sites throughout Malaysia, which will provide MRH the rights to build, own and operate telecoms facilities at all the premises of one of the ministries.
It has also inked a memorandum of understanding with a local established telecoms operator for joint business participation and cooperation over digital connectivity and infrastructure development for the 1,342 sites, KAB said in a separate statement.
“We expect the development of all the sites to be ready by 2025 and upon the completion of all sites, the expected gross development value will be worth more than RM500 million," said KAB managing director Datuk Lai Keng Onn.
Source: TheEdge - 21 Apr 2022
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bojed
Flushing game ke ni?
Semalam Microlink, hari ni KAB.
2022-11-09 10:36