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Saturday, April 14, 2012

YTL Communications Won RM663millions 1Bestarinet Project

As mentioned in my previous post dated 2 September 2011, RM4.5billion school internet contract for 15 years on the bid

And I wish YTL Communications or Telekom Malaysia Bhd/Time dotCom Bhd to win it.

End of October 2011, I saw a news stated that "Sources said on Tuesday at about 1pm the YTL Comms' name appeared as the winner of the contract on the Education Ministry's website but two hours later the announcement was taken off the website for reasons unknown." [Read My Previous Post]

Wonder who really won the bid?

Now the final answer is out!!

YTL Communications Sdn Bhd has been awarded a 2 years contract worth approx. RM663millions by the 1Bestarinet project. YTL Communications will be providing internet connectivity to all the schools through its high speed wireless 4G mobile network.

The 1Bestarinet Project is being undertaken by the Malaysian Government to provide internet access, as well as a virtual learning environment, to all state schools in Malaysia.

Thus by winning this is a good start for YTL Communications which give it the potential to wrap up all 15 years contracts worth approx. RM4.5billion.

Keep an eye on YTLPOWR (6742) ~YTL Communications is a subsidiary and the communications utility of YTL Power International.

Good luck with your investment!! ^_*

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