KUALA LUMPUR, Jan 16 — Telekom Malaysia Bhd (TM) and Tenaga Nasional Bhd (TNB) have signed a Memorandum of Understanding (MoU) to jointly develop an implementation plan for the Government’s Nationwide Fiberisation Plan (NFP) delivery.

The collaboration would capitalise on the combined strength of both government-linked companies (GLCs) in terms of reach, infrastructure and expertise, they said in a joint statement here today.

"In particular, the synergies will enable the most efficient cost structure, and further accelerate the fibre broadband network reach.

"this is in line with the government’s aspirations to drive malaysia’s digital economy as envisioned under both the NFP, as well as the high-speed broadband (HSBB) projects,” it said.

Further, it said the roll out under TM and TNB, as two of Malaysia’s leading institutions, would ensure the safety and security of the nation’s strategic and critical infrastructure.

The proposed network will also continue the existing open access participation of industry players to promote private sector competition in retail broadband.

The MoU was signed by Datuk Sri Mohammed Shazalli Ramly, Managing Director/Group Chief Executive Officer of TM, and Datuk Seri Ir. Azman Mohd, President/ Chief Executive Officer of TNB.

The MoU was subject to a definitive agreement to be signed between the parties upon finalisation of the commercial terms and further announcements will be made in due course, as and when appropriate. — Bernama