NAZA Communications Sdn Bhd (Naza Comm) is expected to secure a telecommunications contract, which may be worth about RM150 million, to develop and deploy communication facilities in underserved areas.
The contract is for the third phase of the Universal Service Provision (USP)-funded project.
According to Naza Comms chief operating officer Subhash Devan, the contract would involve the erection of towers and provision of equipment in areas where there were no Internet or wireless infrastructure.
He said the company received the letter of intent for Phase Three in the middle of the year.
This would be the second contract awarded to Naza Comms for the UPS-funded project.
The first contract Naza Comms secured was for Phase Two of the USP-funded project, worth RM140 million, which was awarded last year. Under this contract, Naza Comms is building 26 towers and separately managing 80 towers nationwide.
“Construction of the towers for Phase Two is completed. We are in the midst of handing over the final three towers. We are also bidding for more contracts for different phases of the USP project,” said Devan, here, recently.
Naza Comms is a holistic infrastructure tower firm and a subsidiary of Naza Corp Holdings Sdn Bhd. It provides infrastructure solutions to customers, which are telco operators, namely Maxis, Celcom, Digi and U Mobile.
Devan said since 2014, the company’s investment in this industry had been slightly over RM20 million, which was mainly for working capital purposes.
He said the company hoped to break even in the next three years.
“The company is still in a growth stage. We do have a five-year business plan in place to expand. Based on that plan, we expect to hit the break-even point by the end of the five-year plan, which is in 2019. I believe we are on target,” said Devan.