Telekom Malaysia Bhd and Tenaga Nasional Bhd have cancelled their plan to help expand high speed internet access nationwide and bring down cost of the service.
TM, in a filing to Bursa Malaysia today, said they had decided to discontinue their collaboration to establish a detailed joint proposal for the Nationwide Fiberisation Plan (NFP).
“The discontinuation would not preclude TM from considering other collaborations with TNB should there be future business opportunities that would benefit both parties,” it added.
The two parties signed a Memorandum of Agreement for the purpose on January 16.
The companies had then said the collaboration would capitalise on the combined strength of both government-linked companies in terms of reach, infrastructure and expertise.
“The synergies will enable the most efficient cost structure, and further accelerate the fibre broadband network reach,” the companies added.
TNB was previously reported that it wanted to broaden the use of its extensive fibre optic network, currently being used for its supervisory control and data acquisition systems.
The network is present in its transmission lines and main substations.
It was also reported that the “last-mile” fiberisation to connect households nationwide, particularly in rural areas, could cost some RM10 billion.