KUALA LUMPUR: TIME dotCom Bhd (TIME) has entered into a partnership with Facebook to invest in internet infrastructure, opening up Malaysia to more connections and international hubs as well as strengthening connectivity in Southeast Asia.
The network infrastructure project stemming from this partnership is expected to be completed by end of second quarter (Q2) of 2020 and will be used exclusively to support Facebook and its family of applications.
Facebook network investment manager APAC Nico Roehrich said Facebook’s mission is to give people the power to build communities and bring the world closer together.
"This partnership will allow us to build a faster and more efficient network to better support our family of apps and services," he said in a statement today.
Malaysia’s strategic location in the heart of Southeast Asia and its position as an East-West gateway makes it an attractive destination for foreign investments in internet infrastructure, enhancing the growth of Malaysia’s digital economy.
This partnership with Facebook will further elevates TIME’s credibility and position as industry leader as well as contributing towards a better Malaysia.
“We look forward to the prospects that this partnership offers, as it opens the door for Malaysia to establish itself as a regional technology hub,” TIME’s head of OTT (Over The Top) Chiew Kok Hin said.
"More international connectivity and a robust domestic backbone will attract sizeable investments into Malaysia. It only makes sense for us to capitalise on the strategic location of Malaysia in Southeast Asia, ease of access and relatively lower cost of entry," he said.