OCK Group, a Malaysian telecom network services provider, is planning to build and acquire telecoms towers before leasing them back to existing mobile operators.
The company’s CEO, Sam Ooi Chin Khoon, told local newspaper The Sun Daily that OCK is…
OCK Group, a Malaysian telecom network services provider, is planning to build and acquire telecoms towers before leasing them back to existing mobile operators.
The company’s CEO, Sam Ooi Chin Khoon, told local newspaper The Sun Daily that OCK is already negotiating with carriers such as Maxis, Celcom, DiGi, U Mobile and Packet One Networks.
He added that each tower site would cost between MR250,000 (US$79,000) and MR300,000 (US$95,000) to buy or build, but declined to say how many the company is planning to hold overall.
To fund its tower project, OCK will reportedly use the proceeds from its IPO on Bursa Malaysia, which has yet to take place.
Looking ahead, Ooi said that OCK is planning to make tower sharing one of its core businesses after having been granted a network facility provider licence by the Malaysian Communications and Multimedia Commission in 2011.
OCK also has a 3G network and is looking to achieve nationwide coverage by the end of 2013, according to The Sun Daily.
