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Tuesday, September 30, 2014

Weida bids to build 218 telecom towers

Source: http://www.thestar.com.my/Business/Business-News/2014/09/30/Weida-bids-to-build-218-telecom-towers-jackwongstarbizcommy/

KUCHING: Weida (M) Bhd, which has built more than 360 telecommunication towers, has bidded to construct 218 new towers for the federal government in rural Sarawak and Sabah.
Group managing director Datuk Lee Choon Chin said Weida, via its strategic partnership with network facility provider (NFP) licensees, had tendered for contracts to build 149 and 69 new telecommunication towers in Sarawak and Sabah respectively for the Malaysian Communications and Multimedia Commission (MCMC).
Tenders for the construction of these new towers, which closed about five months ago, are expected to be awarded soon. The proposed 218 new towers are part of the 400 to be built nationwide.
The federal government announced last year a budget of RM1.5bil to fund the construction of 1,000 such towers under the next phase of MCMC Time 3 extension programme to widen cellular coverage and Internet accessibility.
According to MCMC director Adiman Ajem, the proposed 149 towers in Sarawak would cost RM200mil, and these were expected to be completed later this year or next year. There are currently some 900 such towers in Sarawak.
Lee said based on Weida group’s large net cash position and its vast experience in rolling out telecommunication towers in rural areas in Sabah and Sarawak, the group was confident of securing a “considerable part” of the contracts for the new towers to be built in Sabah and Sarawak.
The group has cash reserve of RM245mil.
“Weida group has completed and handed over 362 telecommunication towers. As a leading turnkey builder of telecommunication towers in Sabah and Sarawak, we are well positioned to be a major beneficiary of the Time 3 programme,” he toldStarBiz after the company’s AGM on Friday.

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