ACASIA Communications Sdn Bhd, a unique collaboration among seven leading telecommunications providers (telcos), will accelerate the expansion of global businesses into the ASEAN region with its comprehensive suite of connectivity services and digital infrastructure.
Formed in 1995, shareholders of ACASIA are made up of seven telcos with a proven track record in the region, namely Telekom Malaysia Bhd, Singtel (Singapore), National Telecom (Thailand), Indosat Ooredoo (Indonesia), PLDT Inc (the Philippines), Nex.Us Sdn Bhd (Brunei) and VNPT (Vietnam).
“Given ASEAN’s potential as one of the fastest-growing regions in the world, ACASIA serves as a one-stop solution for global businesses to simplify its digital process and transformation,” commented ACASIA’s CEO M. Satya Riayatsyah Syafruddin.
“For example, a global business that sets up its operation in Malaysia and looking to expand into the Philippines would need to set up its digital infrastructure and connectivity in both countries. However, with ACASIA, we help to bridge these processes and simplify the expansion plans into the region.”
With an established digital infrastructure in the region, ACASIA helps global businesses to expand into ASEAN through a seamless process made possible by the collaborations among its shareholders. ACASIA will serve as a service aggregator for these global business operations that require presence in the region.
While the region was among the worst hit globally during the pandemic and suffered a supply-chain bottleneck that persists currently, recovery is expected for ASEAN – the fifth-largest economy in the world – with a combined gross domestic product (GDP) of US$3.1 tril in 2020.
“The growth potential is huge for ACASIA as we tap on the digital transformation that has escalated during the COVID-19 pandemic,” projected Satya. “Our existing infrastructure in the region puts us in a strong position to offer valuable services for global businesses that are expanding into the region.”
ACASIA’s established presence in the region and its fully-equipped infrastructure allows the company to offer a comprehensive suite of connectivity services and digital infrastructure for global businesses. The services offered will help to bridge the gaps in terms of business operations and processes in the different countries in the region.
Other than accelerating the expansion of global businesses into the region, ACASIA also enables ASEAN companies to tap on its digital infrastructure to venture out of their respective local economies.
The comprehensive connectivity solutions offered by ACASIA puts the group in a good position to tap on the huge potential within the global wireless connectivity technology market which was expected to grow at a 13% compound annual growth rate (CAGR) to reach US$150.4 bil by 2021. – Nov 26, 2021
