Friday 14 Jun 2024
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KUALA LUMPUR (Feb 8): Dataprep Holdings Bhd said its Indonesian unit has inked an agreement for a 30-year concession to develop and maintain passive telecommunication infrastructure in Bandung, Indonesia.

This follows its January announcement that subsidiary PT Dataprep Teknologi Indonesia Tbk (DTI) had been selected as the lead consortium member to construct and maintain the infrastructure.

Dataprep said that PT Jaringan Pintar Bersama — a unit of DTI — has inked an agreement with PT Bandung Infra Investama (Perseroda) Tbk for the concession.

“The estimated investment for the next three years of development period is approximately 313 billion Indonesian rupiah (around RM95.4 million).”

Dataprep did not elaborate on its shareholding in the consortium. The loss-making digital services company is in net-cash position, with cash of RM14.81 million at end-September, against total borrowings of RM4.71 million. Retained losses stood at RM74.89 million, against share capital of RM148.78 million. 

“The passive telecommunication infrastructure development will include development and maintenance of underground telecommunication infrastructure including the ducting, manhole and hand hole for installation of fibre optics and construction of telecommunication microcell pole,” it added.

The project, Dataprep said, is based on a public-private partnership initiative utilising the build-operate-transfer (BOT) model. Its two consortium partners include PT Bintang Trans Khatulistiwa Tbk and PT Raka Mitra Bersama Tbk.

PT Bandung Infra Investama (Perseroda) is an entity owned by “Badan Milik Daerah Kota Bandung” incorporated, it added.

Shares of Dataprep slipped half a sen or 3.7% to 13 sen at noon market break, valuing the group at RM92.51 million. 

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