Cahya Mata Sarawak eyes state's telecom infrastructure

PETALING JAYA: Cahya Mata Sarawak Bhd (CMS) which has its fingers in almost all key economic areas of the state, is now looking at a piece of action in the telecommunications segment.

Sources said CMS was looking at taking over state-controlled Sacofa Sdn Bhd which is an infrastructure and multimedia service provider in the telecom sector. It is learnt that Sacofa was worth at least RM200mil and based on CMS’ cash pile of RM613.7mil as at end-2013, funding would not be an issue.