Perak Transit, edotco in strategic alliance

PETALING JAYA: Perak Transit Bhd has appointed edotco Malaysia Sdn Bhd to provide services related to in-building and telecommunication solutions in buildings and land owned or managed by the Ipoh-based company’s subsidiaries.

In a filing with Bursa Malaysia, the transport terminal and bus operator said it had entered into a strategic alliance agreement with edotco to build, erect, install, construct, maintain and operate the relevant in-building solutions and/or any other telecommunication solutions and structures.

Perak Transit said the terms of the agreement will include a first term of three years with automatic renewal for two consecutive terms, as well as monthly rental for tenancy of the relevant locations.

“Increments shall only be applicable upon renewal of successive three-year terms,” it said.

Perak Transit said its collaboration with edotco will allow the firm to further diversify into more innovative leasing ideas, while increasing the monetisation potential of its existing asset base.