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KUALA LUMPUR, Malaysia, Nov. 9 /Xinhua-PRNewswire/ -- Asia Netcom today announced that it has signed an agreement with VADS Berhad, a KLSE mainboard- listed managed local services provider, to extend its domestic connectivity options into Malaysia.
According to Malaysia's Multimedia Development Corporation, the Malaysian economy achieved average annual growth rates of about 7% in the previous decade, while GDP doubled to reach an estimated RM219.4 billion (US$57.7 billion) in 2002. Exports and imports have almost quadrupled to reach RM349.6 billion (US$92.0 billion) and RM298.5 billion (US$78.6 billion) respectively, placing Malaysia among the world's top 20 trading nations.
The manufacturing sector today accounts for 30.4% of Malaysia's GDP, while exports of manufactured goods make up 86.5% of the country's total exports. From being the world's largest producer of rubber and tin, Malaysia is today one of the world's leading exporters of semiconductor devices, computer hard disk drives, audio and video products, and room air-conditioners.
"This deal is significant in enhancing Asia Netcom's local loop access capability in Malaysia," said Mark Simpson, COO, Asia Netcom. "Our customers, especially in the financial, manufacturing and logistics sectors, will appreciate the added choice of access as they grow their businesses in Malaysia."
"This agreement reinforces our pedigree as Malaysia's leading ICT managed services provider, strengthened by unparalleled regional connectivity through Asia Netcom's infrastructure," said Dennis Koh, CEO, VADS. "It will boost our competitiveness in the market."
Added Chris van Zinnicq Bergmann, managing director, Southeast Asia and India, Asia Netcom, "As a customer-focused company, this agreement now reinforces our services in a key Asian market, and provides our customers with even more options to meet their bandwidth needs."
Asia Netcom's regional IP backbone consists of over 70 Gbps of intra-Asia and trans-Pacific capacity. Backed by an extensive portfolio of peering relationships in key Asian and global markets, Asia Netcom's Internet backbone now offers one of the best Internet connectivity performances in the Asia Pacific region.
About Asia Netcom
Winner of Frost & Sullivan's 'Data Communications Service Provider of the Year' award for 2005 and 2006, Asia Netcom operates an extensive telecommunications network infrastructure in the Asia Pacific region, including a privately-owned subsea cable system, EAC, as well as extensive terrestrial backhauls and telehouses in all key Asian markets. Leveraging these strategic assets, Asia Netcom provides a comprehensive portfolio of city-to-city connectivity, data communications and IP-based solutions and services to enterprise, ISP and carrier customers in the Asia Pacific region. The company is headquartered in Hong Kong with local offices in all major Asian markets, including Malaysia, and the US and Europe. For more information, please visit: www.asianetcom.com
About VADS
VADS Berhad, a subsidiary of Telekom Malaysia, is a main board-listed company on Bursa Malaysia that has been providing Information, Communications and Technology (ICT) Management Services for more than 12 years. VADS' suite of ICT Managed Services is aimed to help companies minimise the complexity of managing their own IT environment. By partnering with VADS, companies are able to focus their resources on their core business competencies so as to increase efficiency and productivity. VADS' expertise lies in providing managed network services, system integration services and contact centre services. For further information on VADS, visit www.vads.com
For more information, contact:
Clement Teo
Asia Netcom
Tel: +65-6233-6331
Email: clement.teo@asianetcom.com
Hasnita Bt Hashim
VADS Berhad
Tel: +60-3-7712-8860
Email: hasnita@vads.com
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