Thursday April 5, 2012
Xchanging enters JV with YTL Comms
KUALA LUMPUR: Xchanging, the business process and technology service provider-integrator, has signed a joint venture (JV) agreement with YTL Communications Sdn Bhd, a subsidiary of YTL Power International Bhd.
A joint statement from Xchanging and YTL Communications yesterday said the agreement was for the establishment of Xchanging Malaysia Sdn Bhd, a 50:50 JV to develop and deliver enhanced mobile Internet and cloud-based hosting offerings in Malaysia.
It said the JV would combine Xchanging’s technology, delivering expertise and international domain knowledge with YTL Communications’ award-winning 4G network and market reach, to deliver next-generation, mission-critical cloud solutions and platforms.
Xchanging chief executive Ken Lever said that the JV was an important step in enhancing the company’s presence in South-East Asia and the mobile Internet market.
“As YTL Communications has the fastest wireless network in Malaysia, the technical innovations we co-develop and implement have the potential to be game changers for our customers,” he added.
YTL Communications chief executive Wing K. Lee said: “Xchanging brings to this venture a wealth of systems integration experience and best practices.
“We are excited to join forces in bringing relevant and impactful cloud-based solutions throughout Malaysia using our advanced nationwide 4G network.
“We firmly believe in the transformative power of mobile Internet and this is yet another tangible commitment, to provide a level playing field for businesses to compete locally and globally.” — Bernama