PCCW to invest US$100m in KL

PCCW to invest US$100m in KL

HONG KONG (Dow Jones): Pacific Century Cyberworks Ltd. or PCCW, said Tuesday it will spend US$100 million in Malaysia over the next five years to provide an array of Internet access services and a full-service data center.

The Malaysian Communications and Multimedia Commission has granted the Hong Kong company an applications service provider class license, said PCCW in an announcement.

"Our initiative in Malaysia also paves the way for regional expansion under our joint venture with Australia's Telstra Corp.," said Keith Harrison, PCCW's managing director for global communication services.

Both companies will combine resources to provide Internet "backbone" and data centers in Singapore, Thailand, the Philippines, Korea, Indonesia, Brunei, Vietnam and India.

PCCW said this was the first applications service provider license awarded by the Malaysian government to a 100 percent foreign-owned company.

PCCW is one of the companies involved in the Multimedia Super Corridor project undertaken by the Malaysian government to bolster telecommunications technology in Malaysia.