TM, MYTV ink RM916 mil­lion agree­ment

The Sun (Malaysia) - - SUNBIZ -

KUALA LUMPUR: Telekom Malaysia Bhd (TM) has signed an agree­ment with MYTV Broad­cast­ing Sdn Bhd to pro­vide dig­i­tal ter­res­trial tele­vi­sion in­fras­truc­ture, net­work fa­cil­i­ties and re­lated ser­vices for RM916.10 mil­l­lion.

In a fil­ing to Bursa Malaysia yes­ter­day, it said, the ser­vices will be ac­corded to MYTV for 15 years, which will be­gin from Jan 1, 2016 un­til Dec 31, 2030 with an op­tion to ex­tend for a term to be mu­tu­ally agreed upon.

“Both TM and MYTV may mu­tu­ally re­view the pro­vi­sions of the agree­ment ev­ery five years with the first re­view to take place in 2019,” it said.

The ini­tia­tive is un­der the purview of the Min­istry of Com­mu­ni­ca­tions and Mul­ti­me­dia. – Ber­nama

Newspapers in English

Newspapers from Malaysia

© PressReader. All rights reserved.