Main Market listed company HB Global Ltd (“HB Global” or “Group”) has set up a new subsidiary, HB Infrastructures & Technologies Sdn Bhd (“HBIT”) to deliver a seamless vertical integration in the entire telecommunication (“telco”) value chain.
Executive Director of HB Global Ltd, Mr Keh Chuan Yee, said: “The set-up of our new subsidiary, HBIT would put us on a fast track to expand our presence in the telco industry. With a subsidiary that is focused on the delivery of telco supplies and services, we are confident to be among one of the leading and most trusted players in the telco infrastructure developer.”
Aside from expanding HB Global’s telco infrastructure business, Keh believes that a seamless vertical integration in the entire telco value chain will play an important role in deploying the 5G network in Malaysia.
Under the National Digital Network (“JENDELA”), a digital infrastructure plan that aims to meet the needs of digital connectivity and prepare the nation for a gradual transition to 5G technology, the rollout of 5G network over the next few years will keep most telco players and developers busy.
“HB Global aims to be among one of the frontrunners to drive the development of 5G infrastructure technology with the various telecommunication (“telco”) players in Malaysia,” Keh said.
According to Keh, the new subsidiary will leverage the expertise of a team of experienced technical engineers that have been involved in telco infrastructure development for more than 15 years.
“The newly set-up subsidiary, HBIT, will be led by a team that has vast experience in the development of telco infrastructure in Malaysia for over 15 years. This complement the products and services offered, which includes manufacturing and supply of telco products, site acquisition and site survey, civil infrastructure works, supply of site related material and logistic services, construction and equipment room installation, rooftop site preparation and installation services, maintenance services, earthing & electrical work and project management,” he added.
Aside from that, HBIT will also tap on HB Global’s strong financial strength and balance sheet for funding to accelerate its expansion plan into the telco industry.
This content is provided by Aegis Communication Sdn Bhd.
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