KUCHING: Telecommunications solutions provider Reach Ten Holdings Berhad today (Apr 9) launched its initial public offering (IPO) prospectus, ahead of its listing on the Main Market of Bursa Malaysia Securities.
The launch was officiated by Deputy Premier Datuk Amar Dr Sim Kui Hian at a ceremony held at a prominent hotel here.
“This listing is more than a financial event; it reflects our ongoing commitment to growing the company and striving for excellence,” said Reach Ten managing director Leo Chin.
“We are reaffirming our dedication to enhancing connectivity and shaping a more inclusive, technologically advanced telecommunications landscape in Malaysia.”
Founded in 2005, Reach Ten has established itself as a prominent telecommunications solutions provider, driven by strategic investments in satellite and fibre-optic technologies to serve both urban centres and underserved communities across Malaysia.
Over the years, the company has actively contributed to national and state initiatives such as JENDELA (which aims to improve broadband access), the Sarawak Multimedia Authority’s Rural Telecommunication initiative (SMART), and SALURAN, a state initiative to strengthen network reliability in rural Sarawak.
Reach Ten also achieved another milestone recently by becoming an authorised reseller of SpaceX’s Starlink services, enabling the company to extend high-speed satellite broadband to the last three percent of Malaysians who lack terrestrial network access.
It is also planning to use the proceeds from its upcoming initial public offering (IPO) to fund ambitious expansion projects, with RM89.3 million dedicated to these efforts, including expanding its 200 kilometre fibre-optic network across Kuching and Samarahan, built over the past 14 years.
Plans are underway to extend this network to Miri, Sibu, and Bintulu within the next three to four years, focusing on newly developed and underserved areas of Sarawak.
Additionally, further investments will be made to enhance satellite capabilities through the acquisition of advanced mobile and fixed terminals, as well as network hardware and software upgrades.
“This listing is not only about growth but about building a stronger, more competitive future.
“Our goal is to support Malaysia’s digital aspirations by ensuring reliable, high-speed internet access for everyone,” he added.
Chin also expressed gratitude for the support of Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg.
“None of this would have been possible without the visionary leadership of our Sarawak Premier. His determination and dream for a digitally connected Sarawak inspired and propelled us to this pivotal moment.”
