KUALA LUMPUR (Jan 5): MAXBIZ CORPORATION BHD [] says the contract value of the letter of intent (LOI) of RM510 million from Fibre-N Sdn Bhd was based on the infrastructure works of RM5,100 per connection.
Maxbiz said on Thursday the LOI was for the fibre-to-the-home and fibre-to-the-office (FTTX) infrastructure works for 100,000 connections to high- rise residential and office buildings in Klang Valley, Penang and Johor Bahru.
“By way of comparison, TELEKOM MALAYSIA BHD []’s cost for the High Speed Broad Band (HSBB) project of a similar nature was stated as RM11.3 billion for 1.3 million connections, spanning over 10 years,” it said.
In its reply to a query from Bursa Malaysia Securities that Fibre-N had undertaken to deploy one million homes specifically in multi-tenanted buildings (high rise condominium and office buildings) over three to five years.
Fibre-N is a fibre optic cabling turnkey contractor for both in-building cabling works and roadside cable laying works. It is a wholly owned subsidiary of Open Fibre Sdn Bhd and the directors are Ranjeet Singh Sidhu and Hasniza Hashim.
Maxbiz said the overall cost of the project based on Fibre-N’s current rate of RM5,100 per connection was RM510 million.
However, this included both out-plant works and in-plant works and also related scope of works such as project management, site survey works, testing & commissioning.
Maxbiz said on Thursday the LOI was for the fibre-to-the-home and fibre-to-the-office (FTTX) infrastructure works for 100,000 connections to high- rise residential and office buildings in Klang Valley, Penang and Johor Bahru.
“By way of comparison, TELEKOM MALAYSIA BHD []’s cost for the High Speed Broad Band (HSBB) project of a similar nature was stated as RM11.3 billion for 1.3 million connections, spanning over 10 years,” it said.
In its reply to a query from Bursa Malaysia Securities that Fibre-N had undertaken to deploy one million homes specifically in multi-tenanted buildings (high rise condominium and office buildings) over three to five years.
Fibre-N is a fibre optic cabling turnkey contractor for both in-building cabling works and roadside cable laying works. It is a wholly owned subsidiary of Open Fibre Sdn Bhd and the directors are Ranjeet Singh Sidhu and Hasniza Hashim.
Maxbiz said the overall cost of the project based on Fibre-N’s current rate of RM5,100 per connection was RM510 million.
However, this included both out-plant works and in-plant works and also related scope of works such as project management, site survey works, testing & commissioning.
