Dataprep to bid for telco towers, 4G services

by NUR HANANI AZMAN / pic by TMR FILE

DATAPREP Holdings Bhd is currently undertaking preparatory work to bid for tenders to construct new telecommunication towers for broadband and 4G services.

MD Mohamad Sabir Mohamad Sabri (picture) welcomes the swift action taken by the Ministry of Communications and Multimedia Commission (MCMC) to expedite the issuance of tender to construct new telco towers.

“This is very much in line with Dataprep’s plans to enter into this area of business following the acquisition of a new subsidiary, Ridaa Associates Sdn Bhd, who has the required licences such as network service provider, network facility provider and application service provider.

“The tender will allow Dataprep to further participate and pursue the opportunities to build, instal, operate, maintain and manage the telecommunication tower assets in Malaysia, beside the existing sites that are being constructed under private initiatives,” he told The Malaysian Reserve.

Communications and Multimedia Minister Tan Sri Annuar Musa recently said in Parliament tenders for the projects will be issued within four weeks from Sept 22.

“In my and the government’s views, the issue of connectivity and the Internet is considered a human right.

“We want to see all Malaysians, whether in the interior or wherever they are, get access, not only connectivity but with high quality,” he said recently.

MCMC is targeting to transition coverage from 3G to 4G to be fully achieved by the end of this year.

Mohamad Sabir said Dataprep is quite optimistic about the business outlook for the rest of the year as the company is about to enter the final quarter of 2021.

“We anticipate business opportunities in the ICT industry, in particular, would be positive despite the current environment caused by Covid-19.

“The new norms that we are living with require a greater use of ICT, especially the infra for connectivity, the mobile apps such as e-money that will help to reduce the physical interaction within the community and the improved online services within the government delivery system which will benefit the public users like us,” he added.

He believes Putrajaya’s key initiatives to jump-start the economy while managing the Covid-19 issue will create more business opportunities moving forward.

Dataprep in December 2020, expanded its core business by adding multimedia and communication segments into its revenue stream, which is complementary in nature and would bring about synergistic benefits to the group.

This was following a conditional share sale agreement signed between its subsidiary Solsisnet Sdn Bhd with Ridaa Associates’ shareholders Rohzan Abdul Rahman and Badrul Ilahan Abd Jabbar (vendors) to acquire a 51% stake in Ridaa for RM3 million.

Dataprep, in its past exchange filings, has stated the acquisition would allow the group to capitalise on the investment in Ridaa Associates, which is involved in the multimedia business, with favourable long-term prospects of this industry.

Dataprep had completed the acquisition on Feb 15, 2021, according to the company’s bourse filing on that day.