Published: Thursday July 19, 2012 MYT 4:16:00 PM
Jalur Lebar to invest RM850m in hi-speed broadband infrastructure
By John Loh
KUALA LUMPUR: Jalur Lebar Nasional Sdn Bhd (Jalenas) has signed an MoU with Metroverse Sdn Bhd that would see Jalenas investing RM850mil over five years on high speed broadband infrastructure using technology distributed by Metroverse.
Jalenas finance director Razi Alwi said on Thursday the amount would be spent on equipment for the nationwide rollout of its network.
Speaking at the signing ceremony, he said the RM850mil was part of the company's total RM7bil planned capital expenditure for five years starting in 2011.
Jalenas aims to cover 2.5 million homes across major cities with its fibre optic network by 2015.
Metroverse is the local partner and sole distributor for Swedish broadband management systems provider PacketFront AB.
Jalenas is an open network infrastructure provider whose business model is to build and operate an open network, which would be leased out to end-user service providers.
The company has full network facilities provider and network service provider licences.