Usaha Tegas, STT tie up

Usaha Tegas, STT tie up

KUALA LUMPUR (Dow Jones): Malaysia's Usaha Tegas Group said Friday its affiliate has signed a memorandum of understanding with Singapore Technologies Telemedia Pte. Ltd. to develop and establish a regional broadband communications and multimedia network infrastructure.

The network infrastructure will cover Singapore, Indonesia, the Philippines, Malaysia, Thailand, Indochina, China and India, the group said.

Usaha Tegas' affiliate, Paxys Sdn. Bhd., and ST Telemedia will pursue discussions to develop and establish an integrated multimedia and communications interactive network infrastructure, which will include coordinated third generation and advanced satellite frequencies.

Usaha Tegas is a private firm owned by local tycoon Ananda Krishnan.

ST Telemedia is a member of the government-linked diversified conglomerate Singapore Technologies Group.