Malaysia’s telecommunication companies Celcom and Maxis Communications have signed a memorandum of understanding (MoU) to accelerate the roll out of 5G services in the country.
Celcom and Maxis will jointly deploy 5G infrastructure in selected areas within the country.
In a statement, both Celcom and Maxis said that the collaboration will lead to cost savings and increase efficiency for both the companies. It will also help them accelerate the 5G roll out process and provide better 5G experience to its customers.
Even though they will deploy 5G infrastructure in Malaysia, both Celcom and Maxis will provide their services independently and continue to compete with each other in different market segments.
Celcom chief executive officer (CEO) Idham Nawawi told the media, “5G is the next evolution that will transform how people work, live and play. It will enable a more enhanced consumer experience, as well as create new opportunities for consumers, students, governments and businesses alike.”
He added, “Our potential collaboration will pave the way for the delivery of a world-class 5G network, on top of our existing 4G and 3G -2G networks, to every Malaysian, realising a truly digital Malaysia in the IR4.0 era.”
Maxis CEO Gokhan Ogut revealed that this is not the first time both the telco are working together. Both the telcos also share towers and fibre and are working closely to develop their services in rural Malaysia.
Last month, Maxis, which is headquartered in Kuala Lumpur, reported a net profit of $85.5 million and revenue of $545 million for the third quarter of 2019. Celcom also posted a 1.9 percent year to date revenue growth for its postpaid and prepaid services for the second quarter of 2019.