Xchanging Malaysia to deliver enhanced offerings
Posted on April 5, 2012, Thursday
KUCHING: Xchanging announced the signing of an agreement for the establishment of Xchanging Malaysia Sdn Bhd (Xchanging Malaysia), a 50-50 joint venture with YTL Communications Sdn Bhd (YTL Communications) to develop and deliver enhanced mobile internet and cloud-based hosting offerings in Malaysia.
According to a press release, Xchanging was the business process and technology services provider and integrator while YTL Communications was a subsidiary of YTL Power International Bhd listed on Bursa Malaysia.
The 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.
“Establishing the Xchanging-YTL joint venture is an important step in enhancing our presence in Southeast Asia and in the mobile internet market. 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,” said Xchanging’s chief executive Ken Lever
Meanwhile YTL Communications chief executive Wing K Lee said, “Xchanging brought to this venture a wealth of systems integration experience and best practices.
“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,” he said.