kuala lumpur: Opcom Holdings Bhd and Global Forway agreed to mutually terminate cooperation agreements on projects in the field of 5G after failing to win contracts as planned.
Opcom said in a filing to Bursa Malaysia today that the termination of the cooperation agreement does not violate any provision of the agreement.
“The board is also of the view that the termination of the contract will not have a material financial impact on the company and its subsidiaries,” he added.
In summary, at Bursa Malaysia’s announcement on October 22, 2021, Opcom signed a cooperation agreement with Global Fourway to establish a 60:40 joint venture (JV) called Opcom Vision Sdn Bhd to develop 5G. field.
In the announcement, Global Forway shared that Opcom has the necessary licenses and expertise to expand its suite of services, including value-added services.
“These services include connectivity services, including dedicated internet access and point-to-point leased lines; security services, such as managed security monitoring; and data center services, including colocation services and data center internet access to cloud services. “Said. – Bernama
