PETALING JAYA: OCK Group Bhd, a digital infrastructure player and telecommunication network solutions provider, through its subsidiary VNC-55 Infrastructure Investment Company Ltd, has signed a tripartite in-principle agreement with Southern Star Telecommunication Equipment Joint Stock Company (SPN), a subsidiary of JTower, and Sun Phu Quoc, a subsidiary of Sun Group, to cooperate, invest and deploy telecommunications infrastructure across designated Sun Group projects in Phu Quoc, Vietnam, including facilities supporting Asia-Pacific Economic Cooperation (Apec) 2027.
The partnership brings together complementing capabilities of the three parties concerned. Under the cooperation framework, OCK will be responsible for all built-to-suit (BTS) infrastructure and fibre networks within the agreed project scope, while SPN will be responsible for in-building solutions. Sun Phu Quoc participates as the project owner and developer. The project list spans convention and media facilities, hotels, residential developments and airport-related works.
As for Apec 2027, the collaboration combines outdoor mobile infrastructure, fibre connectivity and in-building coverage to support the requirements for Apec 2027 and the connectivity needs beyond the event.
For OCK, the partnership creates an opportunity to expand its infrastructure investment in Vietnam and deepen its relationship with Sun Group across multiple developments.
The total investment value for the initial phase is VND13 billion equivalent to approximately RM2 million, with deployment expected to be completed and the infrastructure operational within 6 to 12 months from project commencement.
Details of subsequent phases are expected to be finalised over the coming months. The investment period is 20 years, during which OCK will have exclusive rights to operate the BTS infrastructure and fibre networks, while SPN will have exclusive rights to operate the in-building infrastructure within the agreed project scope.
