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Global Transit Constructs Asia Pacific Submarine Cable System
3 July 2012

Shah Alam, 03 July 2012 - TIME dotCom Berhad ("TIME" or "the Group") has entered into a construction and maintenance agreement of the Asia Pacific Gateway (APG) submarine cable system connecting Malaysia to Korea and Japan.

As part of the Group's global bandwidth business strategy, TIME's wholly owned subsidiaries and global bandwidth business arms, Global Transit Communication Sdn Bhd and Global Transit Limited, collectively known as Global Transit ("Global Transit"), will be administering the APG on behalf of the Group.

The APG is a 10,000 km international fibre optic cable system that will link Malaysia to Korea and Japan with seven branches to other Asian countries. The cable system is scheduled to be ready in quarter three of 2014.

APG is geographically well spread to bridge international capacity hubs such as Japan, Hong Kong, Singapore, Taiwan and Korea as well as connecting emerging markets such as Vietnam and China where demand for capacity is multiplying yearly. This effectively makes the APG the most strategic and widespread Asian cable system.

Saiful Husni, CEO of Global Transit said the Group's investment in the APG cable system completes its ASEAN to USA connectivity route and solidifies the Group as a serious global telecommunication bandwidth provider.

"Combining TIME's Malaysia-wide fibre network, Global Transit's regional network nodes, ownership in the trans-pacific Unity cable, and now the APG system, the TIME Group has a complete land and sea fibre network footprint to capture the high-growth bandwidth demand in Asia.

"A advantage is that we have a global network system landing directly into Malaysia. This lowers our dependencies on Singapore as the main gateway for Internet traffic. We can now channel high volumes of this traffic on our network with the lowest latency, directly to the US.

"Given that the APG will be the most advanced Intra-Asia cable system between with landing points in strategic locations, we can be the most competitive bandwidth provider in the region. The Group will now be able to provide the complete Internet connectivity route on its own assets from Asia all the way to the United States."

Demand for bandwidth from Indo-China and South East Asia is growing at a compound annual growth rate of 44%, from around 2,862 Gbps in 2011 to an expected 24,000 Gbps in five years.

Saiful adds, "We believe we have a good opportunity to grow our business as APG will provide the Group with an initial capacity of approximately 3,400 Gbps between Malaysia to Japan and Korea. The region is currently dependent on cable systems with limited capacity and upgrade options."

By adopting a 40 giga-bit-per second (Gbps) optical transmission technology, the total design capacity of APG is at 54.8 Tera-bits per second. APG is design protected for 100 Gbps technology upgrades to meet dynamic traffic requirements in the future, giving TIME an opportunity to increase its capacity allocation as and when the needs arise.

END

Forward-Looking Statements
This press release contains forward-looking statements that reflect the current views of TIME dotCom Berhad (TIME) management with respect to future events. The words "anticipate," "believe," "estimate," "expect," "intend," "may," "plan," "project", "should" and similar expressions including all statements that are not historical facts are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties, most of which are difficult to predict and are generally beyond TIME's control, including, without limitation, general industry and economic conditions, competition from other companies and avenues for the sale/distribution of goods and services, shifts in customer demands, customers and partners, changes in operating expenses, governmental policy changes and the continued availability of financing in the amounts and the terms necessary to support future business. Forward-looking statements are based on current plans, estimates and projections, and therefore too much reliance should not be placed on them. TIME does not intend or assume any obligation to update these forward-looking statements.

 

About TIME dotCom Berhad

TIME dotCom Bhd (TIME) is the second-largest but fastest growing fixed-line telecommunications network and solutions provider based in Malaysia. As a pioneer in fibre optic telecommunications technology, TIME delivers data and voice communications services to enterprise, corporate and government, and retail customers. Its growing regional network presences cater to the mounting bandwidth demands of leading regional and global carriers in the Asia Pacific region.

The enlarged TIME Group includes the AIMS Group, one of South East Asia's leading carrier neutral data centres; Global Transit Communications Sdn Bhd (GTC); a regional Internet and bandwidth provider to other telecommunication companies; and Global Transit Ltd (GTL), which holds a 10% interest in the Unity Cable System. GTC and GTL are collectively known as Global Transit.

TIME dotCom is a public company listed on the main board of Bursa Malaysia. For more information, please visit: http://www.time.com.my/

 

TIME dotCom Berhad media contact:
Gowri Mohanadas
Head of Corporate Communications
Tel: +6019 6128 805
Email: gowri.mohanadas@time.com.my

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