Kannaltec ... July 09

It is suspending the subscription agreement between it and the Selangor government to operate and maintain the latter’s broadband infrastructure (SelNet) due to the non-resolution of issues arising from the agreement.

The agreement was suspended effective July 10 2009 until further notice after having exhausted all efforts to resolve the issues.

This could cause disruption to the state’s operations and services to the public.

Kannaltec’s subsidiary Obnet Sdn Bhd had been awarded a 20-year concession in 2003 by the Selangor government to operate and maintain the broadband infrastructure for its 345 state agencies.

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Kannaltex Bhd ... Jun 09