Telekom Malaysia (TM) has entered a 15-year MYR916.1 million (US$210.2 million) arrangement to provide Altel Holdings subsidiary MYTV with digital broadcasting services.
Owned by tycoon Tan Sri Syed Mokhtar Albukhary, MYTV was established in April 2010 to build and operate the infrastructure and network facilities for digital terrestrial television services in Malaysia. The company received a licence in 2014 for digital terrestrial TV in Malaysia, ahead of the switch from analogue broadcasting.
Under the new agreement, TM will provide MYTV with the terrestrial distribution network, satellite distribution network, broadcast contribution network, station facilities and infrastructure, operation and maintenance, satellite transponder, plus business process outsourcing contact centre, TM direct Internet connectivity and managed IP telephony.
In a filing to Bursa Malaysia, TM said the service agreement enables the telecommunications operator to take part in the transformation of the broadcasting industry in Malaysia.
“The collaboration with MYTV also gives TM the opportunity to be part of MYTV’s growth, in line with TM’s commitment of ‘Business Made Easier’ for its valued business partners,” TM told Bursa Malaysia, according to TheEdgeMarkets.com.
MYTV will develop a digital multimedia hub and a network of digital TV transmitters capable of carrying up to 39 standard definition or 13 high definition TV channels. It plans to launch broadcasting services this year, and has committed to distribute two million free decoder and antenna units to help reach 98% of Malaysia’s households.
TM will provide broadcasting infrastructure, network facilities and other related services to MYTV until the end of 2030, with an option to extend the partnership.
- rapidtvnews
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