“Together we will help advance the country’s mission to become a truly innovation-led economy as well as YTL’s mission to provide affordable, world-class quality products and services that improve the way people in Malaysia learn, work and play,” YTL group managing director Tan Sri Francis Yeoh said yesterday at a signing ceremony to mark the launch of Malaysia’s first 4G innovation network.
YTL Com’s partners are the big boys in the technology business such as Cisco, US-based Clearwire, CGT Semiconductor Inc and Samsung.
Prime Minister Datuk Seri Najib Tun Razak, who witnessed the signing, said “as a nation we have travelled very far and Malaysia has transformed by leap and bounds. Just because we are successful once, twice or more times, there is no guarantee we will be successful (always).”
He said if Malaysia did not take the necessary policy or strategic initiatives it could be left behind.
He wants Malaysia to transform itself and become the beacon of hope not only for Malaysians but the rest of the world and the only way to do that was to innovate and for this, broadband was vital.
Najib cited a World Bank report that said a 10% broadband penetration increased economic growth by 1.3%.
“Imagine Malaysia with high broadband penetration which is not only in the Klang Valley but in the rural country-side where fibre cannot be put, and where WiMAX 4G is the solution.”