OCK wins Vietnam telecom deal

OCK Group Bhd has entered into a tripartite in-principle agreement to develop telecommunications infrastructure for Sun Group projects in Vietnam. The agreement, signed with SPN, a subsidiary of JTower, and Sun Phu Quoc, a subsidiary of Sun Group, covers cooperation, investment, and the deployment of telecommunications infrastructure across designated Sun Group projects in Phu Quoc.

The initial investment of 13 billion dong (approximately RM2 million) is expected to be completed within six to 12 months, resulting in operational infrastructure. The projects encompass convention and media facilities, hotels, residential developments, and airport-related works, including facilities supporting the APEC 2027 event.

OCK will be responsible for built-to-suit infrastructure and fibre networks, while SPN oversees in-building solutions. The partnership aims to expand OCK's infrastructure investment in Vietnam and strengthen its relationship with Sun Group across multiple developments. The investment period is 20 years, with exclusive rights for OCK to operate built-to-suit infrastructure and fibre networks, and SPN to operate in-building infrastructure.

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