Published November 13, 2008

Telekom asked to cut broadband cost

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(KUALA LUMPUR) Malaysia's government may ask Telekom Malaysia to trim the costs of a proposed high speed broadband project valued at RM11.31 billion (S$4.7 billion).

'If existing TNB (Tenaga Nasional) infrastructures are suitable, we will ask TM to trim down the project cost,' said Second Finance Minister Nor Mohamed Yakcop when winding up the debate on Budget 2009 at committee stage.

The government's contribution to the project is RM2.4 billion while Telekom Malaysia is to invest RM2.4 billion over 10 years. The company could use existing infrastructure from electricity utility Tenaga to build out the project, Mr Nor Mohamed said.

Malaysia's government is facing higher budget deficits due to lower economic growth and is seeking ways to save money on large infrastructure projects. -- Reuters