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Saturday, January 13, 2007

TM Pakistan subsidiary seals USD40 million contract with Telenor Pakistan

Telekom Malaysia’s Pakistani subsidiary Multinet Pakistan has sealed a 20-year capacity contract with Telenor Pakistan. The contract will allow Telenor to use fibre-optic cable pairs and associated co-location facilities along Multinet Pakistan's national long haul transmission network (known locally as Project Ittehad). Multinet and Telenor also signed a service contract which covers maintenance and associated services from Multinet for the duration of the contract. In total the deal is estimated to be worth USD40 million.

Multinet is a broadband provider and one of Pakistan’s principal corporate ISPs. It is also licensed to provide long-distance/international (LDI) services. Telekom Malaysia has a 78% stake in Multinet via TM International.

Source : Telegeography

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