1. MOU with Iskandar Regional Development Authority (“IRDA”)
Under the terms of the MOU, TM is currently deploying and implementing the telecommunications infrastructure, particularly the broadband infrastructure in the identified areas within the Iskandar Malaysia region.
TM is now working closely with IRDA and other related stakeholders in promoting High Speed Broadband (HSBB) services, data center and other new emerging technologies to potential investors. TM has been invited to participate in IRDA’s key promotional activities and events such as Iskandar Malaysia Open Day and Cityscape Asia 2009.
TM is also involved in IRDA’s task force to review and develop the 2nd Comprehensive Development Plan (CDP) in the area of ICT infrastructure master plan for Iskandar Malaysia. TM is also supporting IRDA’s initiatives in making Iskandar Malaysia a Multimedia Super Corridor (MSC) status area by planning to provide high service level and a one-stop centre, as outlined in the MOU.
There has been no material change to the MOU or any subsequent agreement arising from the MOU. 2. MOC with UEM Land TM has spent a total of RM5.2 Million to date since the signing of the MOC to develop a new telecommunications infrastructure in Nusajaya, Iskandar Malaysia and would continue to develop and implement the required infrastructure in the identified areas within the region.
TM is currently offering its products and services in the Nusajaya area and continuously exploring opportunities for growth in the region.
TM is also embarking to roll-out its first HSBB residential service in East Ledang, a high-end residential area developed by UEM Land in Nusajaya by end of the year.
There has been no material change to the MOC or any subsequent agreement arising from the MOC.
This announcement is dated 21 May 2009.