Xchanging Forms Joint Venture with YTL Communications in Malaysia
04 Apr 2012
KUALA LUMPUR, Malaysia; 4 April, 2012
Xchanging (LSE:XCH), the business process and technology services provider and integrator and YTL Communications, a subsidiary of YTL Power International Berhad listed on Bursa Malaysia, announce the signing of an agreement for the establishment of Xchanging Malaysia Sdn Bhd, a 50-50 joint venture to develop and deliver enhanced mobile internet and cloud-based hosting offerings in Malaysia. The joint venture will combine Xchanging’s technology, delivery expertise and international domain knowledge with YTL Communications’ award winning 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 internet market,” said Ken Lever, Xchanging’s Chief Executive. “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.”
YTL Communications Chief Executive Wing K. Lee said, “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.”
Santosh Rajput Xchanging Malaysia +60 (18) 927 2560 Santosh.Rajput@Asia.Xchanging.com
Hasnan Abdul Kadir YTL Communications +603 2027 8888 +60 (18) 331 0040 email@example.com
Xchanging is a business process and technology service provider and integrator specializing in financial services, insurance services, technology and procurement with processing skills and capabilities applicable to other vertical industry and market sectors. www.xchanging.com.
About YTL Communications
YTL Communications Sdn Bhd is a subsidiary and the communications utility of YTL Power International Berhad and part of the YTL Corporation Berhad Group. The Company provides affordable, world-class services that improve the way people in Malaysia live, learn and play. www.yes.my.
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