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YTL Expects Broadband Penetration To Surge Within Five Years
 

Bernama, February 4, 2010

YTL Communications Sdn Bhd, the telecommunications arm of YTL Corporation Bhd, expects broadband penetration in Malaysia to surge between 70 and 80 per cent within five years from its present penetration level of about 25 per cent.

YTL Group's Managing Director Tan Sri Dr Francis Yeoh Sock Ping said a 10 per cent increase in broadband penetration would increase Gross Domestic Product (GDP) by 1.5 per cent.

"So, if we have 100 per cent broadband penetration in Malaysia, we can imagine a sustainable GDP growth and job employment possibilities in our country," he told reporters after the release of a report on Malaysia's Manufacturing and Services Sectors by the Malaysian Industrial Development Authority (MIDA) Thursday.

Yeoh said as broadband penetration increased, it would provide more job opportunities and attract investments into the country.

"We can attract high skilled people from overseas. We have hired from the United States, some from India and also Malaysians," he added.

Yeoh also said small-and-medium enterprises would also require good broadband services to communicate and contact their business partners.

YTL Communications is expected to launch its WiMAX services in December after a soft launch in July.

-- BERNAMA

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