THE share subscription, share sale and purchase and shareholders’ agreements (“Definitive Agreements”) between SACOFA Sdn Bhd (SACOFA), the leading ICT infrastructure company in Sarawak, and the shareholders of MSA Resources Sdn Bhd (MSAR), a telecommunications infrastructure provider based in Peninsular Malaysia, is anticipated to further strengthen Malaysia’s digital telecommunications infrastructure and augur well for the overall growth of telecommunications ecosystem in the country as well as further support the overall national telecommunications roadmap as outlined by the Federal Government’s initiatives JENDELA and MyDigital.
Under the Definitive Agreements which were signed virtually yesterday (29 March 2021) in Kuala Lumpur by MSAR and in Kuching by SACOFA, respectively, SACOFA’s acquisition of an initial 30% share of MSAR which will eventually be raised to 50%, will enable the two companies to form a strategic alliance and jointly undertake key telecommunications infrastructure projects in Peninsular Malaysia while also focusing on extending and enhancing broadband connectivity to neighbouring ASEAN countries Thailand, Singapore, Indonesia, and Brunei Darussalam.
MSAR Managing Director Haji Saiful Husni Samak announced, “MSAR is delighted to welcome SACOFA as our newest shareholder. Our aligned vision to turn MSAR into a telecommunications infrastructure powerhouse will be greatly served by SACOFA’s experience and expertise”.
“We are currently building our new fibre optic network which stretches from Johor Bahru to Bukit Kayu Hitam, and at 1,063km is one of the longest fibre optic network constructions currently being carried out in Semenanjung Malaysia.
“Now, with SACOFA onboard, we will also be better positioned to roll out mobile infrastructure services such as towers and poles for 5G along all major highways in Peninsular Malaysia. This new low latency network will serve as a platform for the adoption of future technologies along the highways such as IoT, smart highways, autonomous vehicles and more.
“Our Company tagline “Building Communities, Uniting a Nation” is in line with the Federal Government’s initiatives under Jendela and MyDigital. We have always been deeply committed to aligning our network expansion with Government efforts. We aim to be a strong partner to the Government and will be providing fibre pairs to the Malaysian Highway Authority, all highway concessionaires, the Malaysian Armed Forces, the PDRM and the Ministry of Health for use by all hospitals absolutely free of charge. It is our vision that our security forces and medical frontliners will one day own private networks,” he highlighted.
Managing Director and Chief Executive Officer of SACOFA, Haji Mohamed Zaid Zaini, remarked, “SACOFA over the past 20 years has been focused on building and further upgrading telecommunications infrastructure in Sarawak. This in line with the Federal and State Governments’ initiatives, particularly Jalinan Digital Negara (JENDELA) spearheaded by the Malaysian Communications and Multimedia Commission (MCMC) and the Digital Economy Strategy 2018-2022 initiated by Datuk Patinggi Abang Haji Abdul Rahman Zohari Tun Datuk Abang Haji Openg, the Right Honourable Chief Minister of Sarawak, to leapfrog the economy of Sarawak via the Digital Economy to become a high-income state.
“We are also actively enhancing interconnectivity to link Sarawak to the world. One of our corporate missions is ‘To expand beyond Sarawak’ which we have been striving to achieve and build over the past few years. These Definitive Agreements with MSAR will certainly add to SACOFA’s mission of extending our operations beyond Sarawak and more importantly link East Malaysia to West Malaysia on many levels.
“We are confident that this event today will allow both MSAR and SACOFA to work with Federal and State Governments to ensure that we increase the broadband penetration rate and narrow the digital divide while building the foundation upon which upcoming technology platforms such as 5G and IR4.0 may be implemented, in line with ongoing government initiatives and undertakings by public-private partnerships.
“In the big picture, the rollout of telecommunications infrastructure will contribute significantly to another one of SACOFA’s corporate missions which is ‘To create value for our stakeholders.’
In the context of stakeholders, broadband consumers in Malaysia stand to benefit from better connectivity at competitive prices which will enable them to access the Internet and online services for all manner of activities such as e-commerce, education, public services and so on.
In short, this will be our contribution to enable Malaysians to unleash the limitless potential of digital connectivity from anywhere,” he highlighted.
The Definitive Agreements were signed by Haji Mohd Sofian Mohd Arshad, Executive Deputy Chairman of MSAR, Haji Saiful Husni Samak, Managing Director of MSAR, Razlan Joffri Mohd Radzi, Head of Corporate Affairs and Business Development of MSAR, Haji Mohamed Zaid Zaini, Managing Director and Chief Executive Officer of SACOFA, and Ainor Khaliq Anuarudin, Vice President, Corporate Strategy and General Counsel of SACOFA.
Witnessing the virtual signing ceremony were YB Senator Tan Sri Mohd Radzi Tan Sri Sheikh Ahmad, MSAR Chairman and YBhg Dato Isaac Lugun, Deputy Chairman of SACOFA, along with directors and senior management figures of MSAR and SACOFA.PRESS RELEASE - SACOFA AND MSAR INK DEAL TO FURTHER UNITE EAST AND WEST MALAYSIA (29-03-2021)