IGB Corp Bhd is wiring up the entire Mid Valley City, one of Kuala Lumpur’s top commercial and leisure addresses, with a high-speed broadband Internet connection.
They declined to disclose any investment figures.
The project will allow for access of high-speed Internet broadband “anytime, anywhere” at Mid Valley City, IGB managing director Robert Tan said.
The service should first be available at The Garden, one of the future Mid Valley City components and which is due for opening in 2009, and Centrepoint.
IGB yesterday signed with Macro Lynx Sdn Bhd, a fully-owned subsidiary of Goldis Bhd, which in turn owns 29 per cent of IGB, to wire up and subsequently manage Mid Valley City’s ICT infrastructure.
Macro Lynx also signed with 3Com Asia Ltd (Malaysia) to implement a multi-vendor technology to facilitate a multitude of high-end business services at Mid Valley City.
Energy, Water and Telecommunications Minister, Datuk Seri Dr Lim Keng Yaik, in his speech expressed disappointment on the lack of property developers willing to put in place broadband infrastructure in their projects.
“IGB can be a serious case study for property developers on how commitment to customer needs can improve an infrastructure’s commercial value,” he said.
Dr Lim said Malaysia’s ICT sector had been undergoing rapid transformation. Mobile phone penetration rate was already at over 80 per cent, a relatively high level for the South-East Asian region.
“Broadband internet penetration has also grown up by nearly 79 per cent to nearly 900,000 subscribers at the end of 2006, thanks to increasing service availability and price cuts. By 2008, via the National Broadband Plan, we hope to have 2.8 million broadband subscribers.”
Dr Lim also said that it costs about RM2 billion to wire up the Klang Valley with high-speed broadband Internet.