Opcom Holdings Bhd, a Malaysian company manufacturing fiber optic cables and cable related products is optimistic that its partner, Ericsson Network Technologies AB, Sweden, in a consortium with other companies will be awarded a RM5bil contract in Singapore.
The consortium is bidding to supply high-speed fixed broadband services based on fibre-to-the-home (FTTH) solutions to 1.3 million homes in Singapore over the next five years.
Opcom chairman and managing director Datuk Mukhriz Mahathir expressed confidence that its shortlisted partner would win this contract. Other companies in contention include Singapore Telecommunications Ltd and Starhub Ltd. The result of the bid will be known by the first quarter of next year.
Mukhriz said should Ericsson’s consortium win the contract, it would boost sales of their joint-venture company Opcom Cables Sdn Bhd.
“Sales will increase significantly as Opcom Cables supplies FTTH product components,” he said after the company AGM yesterday.
“Opcom had also positioned itself to gain from the ripple effect as other countries in the region followed Singapore’s lead in becoming a telecommunications hub.” Mukhriz concluded.
