TM-TNB in broadband play; in response to Broadnet’s moves

Strategic partnership: Shazalli (2nd from left) exchanging documents with Azman after the signing ceremony between TM and TNB. With them are TM chief strategy officer Datuk Kairul Annuar Mohamed Zamzam (left) and TNB company secretary Norazni Mohd Isa.

PETALING JAYA: Utility giants Telekom Malaysia Bhd (TM) and Tenaga Nasional Bhd (TNB) have embarked on a strategic move to work together in rolling out a cost-efficient high-speed broadband service.

Industry players see this as a move by TM and TNB to extinguish the dreams of a new company called Broadnet Network Sdn Bhd, which aims to become the second provider of high-speed broadband in the country.