Time dotCom hopes to recoup cost in 7 years [New Straits Time (Malaysia)]
(New Straits Time (Malaysia) Via Acquire Media NewsEdge) KUANTAN: TELECOMMUNICATIONS services provider Time dotCom Bhd expects to recoup its RM180 million investment from its partly- owned fibre optic cable linking Malaysia and Japan in six to seven years.
Time dotCom executive director and chief executive Afzal Abdul Rahim said the company expects to achieve 55 per cent capacity for the fibre optic cable, the Asia Pacific Gateway, six months after it is ready by 2015.
"We are talking to several global telecommunications carriers which are interested to use our services and later on, we will look at linking with India and Europe," Afzal told reporters here at the launch of the fibre optic cable by Communications and Multimedia Minister Datuk Seri Ahmad Shabery Cheek, here, yesterday.
Ahmad Shabery had witnessed the laying down of the submarine fibre optic cable on board the cableship CS Fu Hai.
The 10,000km fibre optic cable is shared between Malaysia and nine other countries.
The Gateway cost RM1.8 billion and consist of several consortium companies, in which Time dotCom has a 10 per cent stake.
The fibre optic highway is among several highways traversing the ocean linking with Japan and the US fibre optic network, called the Unity highway.
He added the Gateway will also position Malaysia specifically Kuantan as a hub for internet connectivity for users from countries like Thailand, Vietnam and Indo China.
"This new fibre optic link hopefully will hopefully boost critical mass to Malaysia as a transit hub for internet traffic and level the playing field between fibre optic gateway operators."
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