Telecom Lead Asia: Xchanging, a business process and
technology services provider, and YTL Communications, a subsidiary of YTL Power
International, will set up a 50-50 joint venture to develop mobile internet and
cloud-based hosting offerings in Malaysia.
As per the agreement, the joint venture will combine
Xchanging’s technology, delivery expertise and international domain knowledge
with YTL Communications’ 4G network and market reach to deliver
next-generation, mission-critical cloud solutions and platforms.
Establishing the Xchanging-YTL joint venture is an
important step in enhancing our presence in South East Asia and in the mobile
“Because YTL Communications has the fastest wireless
network in Malaysia, the technical innovations we co-develop and implement have
the potential to be game-changers for our customers,” said Ken Lever,
Xchanging’s Chief Executive.
“Xchanging brings to this venture a wealth of
systems integration experience and best practices. We are excited to join
forces in bringing relevant and impactful cloud based solutions throughout
Malaysia using our advanced nationwide 4G network. We firmly believe in the
transformative power of mobile Internet and this is yet another tangible
commitment we are making to provide a level playing field for businesses and
verticals to compete locally and globally,” said YTL Communications Chief
Executive Wing K. Lee.