PETALING JAYA: OCK Group Bhd has entered into a tower leasing agreement with Best Telecom Co Ltd, marking the group’s official entry into Laos.
In a statement, OCK said Best Telecom was recently awarded the 5G spectrum in Laos and is actively planning to launch its 5G network across various provinces and cities in Laos by the end of the year.
“This is in line with its aspirations to propel Laos to the forefront of the 5G revolution catering to the surging demand for next-generation connectivity.
“To kick start the deployment, OCK was awarded with several cluster of sites located within the metropolitan area of Vientiane and a few major cities, where the group will build and lease telecommunication towers to Best Telecom over the period of 15 years, providing a long term recurring income stream to the group.
In the same statement, OCK group managing director Datuk Sam Ooi Chin Khoon said the group will continue to expand its regional presence, riding on the rising wave of 5G technology along with the ever-growing demand for data connectivity and capitalising on market trends.