Straits Energy Resources, Baicells Technologies to jointly explore opportunities in the nation’s 4G, 5G rollouts
16 Nov 2021
Straits Energy Resources Bhd (SER) signed a memorandum of understanding (MoU) with Baicells Technologies Co Ltd (BTC) today to collaborate and accelerate the growth of wireless network communication business opportunities associated with the 4G and 5G rollouts.
The deal also includes the digital transformation of the oil and gas industry (O&G) through the Internet of Things (IoT) in Malaysia and throughout the region.
SER group managing director Dato Sri Ron Ho Kam Choy said the company looks forward to a successful partnership with BTC to explore and tap the vast business potential in the 4G and 5G rollout space and the IoT in Malaysia regionally.
“The digital economy and technology will be the backbone of the nation’s economy, and SER is mobilising resources rapidly to ride on this vast digital arena both in the 4G and 5G technology rollout and also in the digital transformation of the oil and gas industry.
“With our business infrastructure and networking, we are optimistic that we can contribute to the ongoing digitalisation process of both the public and private sector with the strong backing of BTC and other collaboration partners,” he said in a statement today.
BTC is an international company providing technical innovative 4G Long-Term Evolution (LTE) and 5G New Radio (NR) Acess Solutions that connect more than 50 countries across the globe.
The company currently boasts over 700 private LTE networks worldwide, with a large percentage of those trusted networks operating within North America.
“In addition to participating in the 4G and 5G rollout nationwide and regionally, SER intends to drive the digital transformation of the O&G industry by enhancing the usage of automation, surveillance, remote operations and big data analytics through the IoT to achieve better performance and productivity,” Ron Ho said.
He said Malaysia is expected to see about 80 per cent of the populated areas having 5G network coverage as part of the government’s efforts to reopen the country on a firmer footing.
“Our aim in this highly scalable new digital venture is also very much aligned to the government’s measures to accelerate the development and growth of high speed, affordable and reliable 5G connectivity for the population’s socioeconomic benefits.
“The 5G rollout is expected to kick-start in Kuala Lumpur, Putrajaya, and Cyberjaya by the end of 2021, and we hope to be able to contribute to this rollout process,” Ron Ho said.
He said SER, a fast-growing company, will continuously pursue business opportunities to increase its earnings base. This digital venture with BTC will offer vast business opportunities to the SER.
“As the government push to successfully transform Malaysia into a digitally-driven, high income and a regional leader in the digital economy, SER is positioning itself towards this digital transformation journey,” Ron Ho said.