Posted on 8 April 2014 - 05:37am sunbiz@thesundaily.com Print PETALING JAYA: REDtone Telecommunications Sdn Bhd (REDtone Telecommunications) has signed a Memorandum of Understanding (MoU) to provide Internet connectivity to the International Technology & Commercial Centre (ITCC) in Penampang, Sabah.
The MOU was signed with Sabanilam Enterprise Sdn Bhd (Sabanilam Enterprise), the owner and developer of ITCC-Penampang which has a gross development value of more than RM300 million.
ITCC-Penampang, which is expected to be completed by end of 2015, is targeted at both local and foreign purchasers who seek business expansion and investment opportunities.
The development is part of the Greater Kota Kinabalu on the Southern side and is a private initiative project listed under the Sabah Development Corridor.
As part of the MoU, REDtone Telecommunications, a wholly-owned subsidiary of REDtone International Bhd (REDtone International), will provide dedicated high speed 100Mb broadband connectivity to the mixed development comprising a 330-room hotel, 16-floor hotel suite (290 units), 4-storey shopping mall and 16 levels of A Grade I-Office Tower.
REDtone International group CEO Lau Bik Soon hopes the latest project at ITCC will mark the beginning of more similar projects with large organizations in Sabah.REDtone Telecommunications has been offering WiMAX services in Sabah since 2009.
REDtone is also implementing a project under MCMC's (Malaysian Communications & Multimedia Commission) Time 3 Program aimed at providing voice and data connectivity in rural areas of Malaysia. It is also involved in another USP (Universal Service Provision) project under the government's "Kampung Tanpa Wayar" initiative.
Redtone is my 2nd largest holdings in my portfolio. And to be honest, I have already seen the recent quarter results, which will be announced by end of this month.
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007james
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Posted by 007james > 2014-04-03 19:42 | Report Abuse
I had been collect since 0.380 until now. Waiting for fruitful harvest. Have faith in this company good prospect , making profit for shareholders.