KUALA LUMPUR (Dec 1): EA Holdings Bhd (EAH) has inked a deal to design and supply broadband access solutions, services and equipment utilising the 5G technology in Malaysia.
In a bourse filing on Wednesday (Dec 1), EAH said it had entered into a memorandum of understanding (MoU) with Third Telecom Sdn Bhd (TTSB) to collaborate for the business.
EAH said the parties are also desirous of exploring the potential acquisition of a majority stake in TTSB by the company to further strengthen the collaboration, subject to the terms and conditions to be agreed upon between shareholders of TTSB and the company.
It said both the firms will combine the available expertise, skill sets, technology, customer base and business networks in the telecommunications and information and communications technology (ICT) fields to develop new and innovative solutions for the distribution and deployment of 5G broadband access solutions and services.
At the midday break on Wednesday, EAH settled 25% or half a sen lower at 1.5 sen, valuing it at RM92.59 million.