MyDigital positive for TM

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KUALA LUMPUR: The RM15bil MyDigital initiative is positive for Telekom Malaysia Bhd (TM) (pic) and to a lesser extent, TIME Dotcom Bhd, in providing the critical backhaul backbone system for 5G networks, said AmInvestment Bank Bhd (AmInvest).

It said TM being the owner of the nationwide high-speed broadband fiberised network was given conditional approval alongside Microsoft, Google and Amazon to build and manage hyper-scale data centres, as well as provide hybrid cloud services, valued between RM12bil and RM15bil over the next five years.

“While this will benefit TM One’s data centre operations, we expect TM to leverage its fixed play dominance provided by its national fibre-optic network and extensive partnerships to support the building of third-party data centres, thus partly alleviating high capital expenditure (capex) requirements, ” AmInvest said.

MyDigital initiative involves investing RM15bil over 10 years via a wholly government-owned special-purpose vehicle (SPV) called Digital Nasional, which will own, execute and manage 5G spectrum and infrastructure. — Bernama

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