On 4 April, 2012, business process and technology service providers Xchanging (LSE:XCH) announced the signing a 50-50 joint venture with YTL Communications Malaysia, a subsidiary of YTL Power International Berhad for the establishment of Xchanging Malaysia Sdn Bhd, which hopes to develop and deliver enhanced mobile internet and cloud-based hosting offerings in Malaysia. The joint venture will combine Xchanging’s expertise and knowledge with YTL Communication’s award winning 4G Network.
Ken Lever, Xchanging’s Chief Executive comments on the venture saying, “Establishing the Xchanging-YTL joint venture is an important step in enhancing our presence in South East Asia and in the mobile internet market 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.”
“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”, says YTL Communications Chief Executive Wing K. Lee
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.
