KUALA LUMPUR, 15 March 2022 – Malaysia’s leading oil bunkering player, ACE Market-listed Straits Energy Resources Berhad (“Straits” or “the Group”), is making further headway in its entry into the 4G/5G landscape with the signing of a Memorandum of Understanding (MoU) between its indirect subsidiary Straits CommNet Solutions Sdn Bhd (“Straits CommNet”) and EdgePoint Towers Sdn Bhd (“EdgePoint Towers”) today.
EdgePoint Towers is the operating entity of EdgePoint Group in Malaysia, servicing the telecommunications infrastructure needs of mobile network operators with more than 800 towers, holding both NFP (Network Facilities Provider) and NSP (Network Services Provider) licences. It aims to provide 5G-ready infrastructure through building and leasing shareable, fibre-integrated, and modern telecommunications structures as well as providing solutions such as small cells and in-building systems.
According to a filing with Bursa Malaysia today by Straits, both parties intend to enter into mutual discussions to collaborate and participate in the vast business opportunities of the 4G and 5G as well as private network rollout, digital transformation and IR4.0 aspirations in the oil and gas, port management and transportation sectors through Smart Technologies and IoT in Malaysia and regionally.
Sunny Ho Khin Choy 何建材, Chief Executive Officer of Straits CommNet said: “We look forward to working very closely with EdgePoint, which is making substantial progress in driving the expansion of next-generation connectivity solutions for telecommunications network providers across the ASEAN region. Through this collaboration, Straits CommNet will be the solution and equipment provider to complement EdgePoint’s telecommunication infrastructure offerings in Malaysia and regionally.”
“We look forward to collaborating with Straits CommNet to introduce communications offerings that will transform the industrial landscape in Malaysia. Modernising and future-proofing the various industrial sectors is an extensive endeavour that offers broad opportunities for businesses and entities keen to pursue the vast possibilities. EdgePoint is ready to optimise our next- generation infrastructure to achieve mutual goals with Straits CommNet,” said Muniff Kamaruddin, Chief Executive Officer of EdgePoint Towers.
The Group had recently appointed telecommunications specialist Sunny Ho Khin Choy in February 2022 to lead Straits CommNet. Sunny Ho, who has led various key sections in Digital Nasional Berhad, Axiata’s Edotco, Nokia Malaysia, and Ascom, among others, will spearhead Straits’ push into the 4G/5G-driven digital space.