OCK Eyes 25-30 Pct Revenue From Regional Business Next Year

KUALA LUMPUR, Sept 29 (Bernama) -- Telecommunications network service provider OCK Group Bhd expects a higher return of revenue from its regional business from 18 per cent in its financial year 2015 to 25-30 per cent next year. Group Managing Director Sam Ooi said the group's optimism arises from its investments in Myanmar and Vietnam. "We have delivered about 300 telecommunications (telco) towers out of 920 telco towers to Telenor Myanmar and hope to hand over the remainder by the end of this year. "The recent acquisition of Southeast Asia Telecommunications Holdings Pte Ltd in Vietnam which has 1,938 telco towers, would still need shareholders' approval. "Once all of these have completed, we will see an increase of growth next year," he told reporters after a luncheon talk on 'Building Telecommunication Towers in ASEAN' at the Malaysian Industrial Development Finance Bhd (MIDF) headquarters here Thursday. The talk was presented by OCK Group Chief Executive Officer Dr Yap Wai Khee. Ooi said over the next three to five years, the company would continue to build tower assets across ASEAN as part of its plan to grow its recurring income. He said although each country has different policies, OCK Group has managed to overcome the challenges from time to time, helped by the common cultures of ASEAN. "As we started to explore the ASEAN region about three years ago, we see there's a huge potential, and we aim to be the top player in this region," said Ooi. -- BERNAMA