PHOTO - (from left) Ken Lever, chief executive, Xchanging and Wing K. Lee, chief executive, YTL Communications.
Malaysian 4G WiMAX firm YTL Communications has entered a joint venture agreement with business process and technology services provider Xchanging Malaysia to deliver enhanced mobile Internet and cloud-based hosting services in the country.
The 50-50 joint venture would combine Xchanging's technology, delivery expertise and international domain knowledge with YTL Communications' award winning 4G network and market reach to deliver next-generation, mission-critical cloud solutions and platforms, said YTL Communications chief executive Wing K. Lee. speaking on 4 April 2012.
"Xchanging brings to this venture a wealth of systems integration experience and best practices," said Lee. "We are excited to join forces in bringing relevant and impactful cloud-based solutions throughout Malaysia using our advanced nationwide 4G network. We firmly believe in the transformative power of mobile Internet and this is yet another tangible commitment we are making to provide a level playing field for businesses and verticals to compete locally and globally."
"Establishing the Xchanging-YTL joint venture is an important step in enhancing our presence in Southeast Asia and in the mobile Internet market," said Xchanging chief executive, Ken Lever. "Because YTL Communications has the fastest wireless network in Malaysia, the technical innovations we co-develop and implement have the potential to be game changers for our customers."
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